Resistance looks near on many indices & sectors

Stock indices and many sectors are getting closer to areas of near-term tactical resistance, and this could materialize Friday before starting a minor consolidation.  The bounce from July 14th is now close to equaling the price points gained of the initial push off the lows from mid-June, and $SPX is nearing the upper edge of its trading channel of the last month.  While both $SPX and $QQQ managed to extend gains around 1-1.5% in Thursday’...

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