Defensives give way again, as Technology holds strong

SPX, NASDAQ and DJIA look to be in the final stages of their decline off mid-September peaks.  Prices got briefly below June lows but held as of Tuesday’s end of day close.  The bullish case for fighting trends into next week is all centered on the following:

Oversold conditions.Anemic breadth levels.Possibility of upcoming DeMark confluence on multiple timeframes on exhaustion signals for Equities along with Treasury yields and US Dollar.Cyclical lows l...

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