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The video in this report is only accessible to members

Trend bullish- Expect that minor weakness is buyable into end of week and provides some strength into end of month and into mid-July.  Under SPX 4300 represents the first sign of possible larger pullback, which looks unlikely technically in the near-term

Minor pullback has now spanned three trading days. Yet, sector performance on an Equal-weighted basis showed a far more positive picture than what might have been gleaned from studying SPX or NDX performance alone.

5 of the 11 sectors turned in positive performance, with outperformance coming from Energy, Industrials and some of the Defensive groups like Utilities, while Technology was hard hit to the tune of -1.50% ($RSPT lower by -1.46%)

The key takeaway for Wednesday revolved around the sharp selling pressure in the US Dollar (DXY) which largely began trending lower just as Equities began their broad-based rally last month.

Commodities have slowly but surely respected this pullback in $DXY, with recent breakouts in the Grains and Copper.  Meanwhile, precious metals have lagged performance, which is thought to largely depend on rates turning back lower (Expected into July)

With regards to SPX, any further weakness could find support at either S...

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