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Super Grannies and Market Update – June 30 Webinar Cancelled

SPX decline should be buyable for push back to highs; Energy weakness temporary

Technical Strategy Video:

Key Takeaways

  • Two-day equity decline insufficient to cause technical damage; SPX looks to have bottomed at first Gann target 4630; Expect push back to highs into next week
  • Treasury yields and US Dollar turned up sharply Wednesday following Strong CPI print. Dollar hitting highest levels of 2021 likely causes further near-term upside for DXY
  • Energy temporarily weak and fits with November seasonality for WTI Crude;

Breakdown in $SPX hasn...

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