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Short-term bounce likely into next week for Stocks

Key Takeaways

  • Tuesday’s downside reversal nearing 50-61.8% retracement levels for SPX, QQQ.
  • 10-Yr Treasury Note minus 3-month Treasuries have steepened, giving a different signal
  • Bitcoin also looks to be close in bottoming; However, bounces sellable >44k into 4/18
Following a decline of seven of the last 10 trading sessions, Equities look to be close to short-term lows, and technically I’m expecting a bounce in SPY, QQQ and most importantly in IWM into ...

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