The video in this report is only accessible to members
The video in this report is only accessible to members

A short-term bounce looks to be underway in US Equities that likely carries prices higher into 9/14 and should reach at least 4125-4150.  Following a rally into mid-month, a few cycles come together which could then allow for back-half of September weakness.  Recall that many of this year’s turns have all occurred mid-month, most notably the mid-August peak along with the bottom which occurred both mid-June and mid-July.  Short-term positives include recent stabilization and good breadth this week on rallies.  Additionally, Elliott-wave counts and positive sector rotation are definite positives for SPX despite Tech underperformance.  Moreover, sentiment remains quite negative, and even without Technology participation, if Healthcare and Financials are working well, this represents more than 25% of SPX by market capitalization.  Overall, I suspect we’re entering a time of heightened volatility, but initially this could work out in the Bulls’ favor into next week before reversing course.  Steering defensive for the balance of September looks right, but with a near-term bullish bias into next week.

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Financials strength helping to buoy market along with Healthcare while Technolog...

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