Weekly MOTR Report (WMR): “Its Not as Bad as it Looks”

The S&P paused in its journey higher last week. Since its mid-June plunge, it has closed back above its 50 day average (pink line, right), in the process exceeding both the July swing high (dashed red) and a steep downtrend line (blue) off the late March highs. These are important steps taken to return the bear to hibernation, but as can be seen, the S. . .

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