Lots more chop Friday as we enter a normally 6 to 8 week period of weakness.
Letting the charts really setup is great for a year end run.
I am seeing a few long bases that may begin to move soon while many stocks could use some rest.
There are also some shorts I’m looking at!
Basically, we should be back into a trading, not a trending market, so I’ll be swing trading again.
SPY looks set to break this bear flag and move lower.
Rest is due and good.
Enjoy the last weekend of summer.
Warren
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