Crude’s breakdown spells trouble for Energy in August

Some minor stalling out has begun to happen in US indices, though short-term trends remain bullish, and it looks early to claim that even a short-term trading top is in place.  Wave structure can allow for another push higher above last week’s highs in $SPX, $QQQ which likely takes SPX to near 4200 while $QQQ might reach 325 on gains.  Overall, August is thought to show weakness in the early part of August which might last into Expiration before a big p...

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