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The video in this report is only accessible to members

Key Takeaways

  • Tuesday’s strong showing in rebounding off the lows after Monday evening’s “down” open is a reason to think this recent geopolitical tension might not be all that bearish
  • While Consumer Discretionary was hit hard in Tuesday’s session, Financials held up relatively well along with the Defensive groups
  • 5 Key technical reasons are discussed which suggest why this recent pullback should bottom

Equities look to be closing in on initial lows to this decline, and S&P Futures prices rallied well up off early lows at 4250 early Monday evening in the Futures market to close above 4310 by Tuesday’s close, which looked important.  While the near-term price structure, and momentum remains negatively sloped, there are numerous technical developments that are worth highlighting that speak to the possibility of lows being near for US equities just a time when many are seeking safety.  I’ll discuss my top five reasons on the pages ahead, but important to note that while many cite Russia/Ukraine tension as being a reason for near-term volatility, much of this recent downdraft was far more pronounced last month, along with late November.  The recent churning in the last couple weeks has been far more ord...

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