Short-term sentiment diverging from intermediate-term sentiment

The near-term pattern is wavering a bit, and SPX has pulled back to test 4088, which was thought initially important on any minor pullback.  This is “Do-or-Die” support in the short run.  Breaking 4088 would be a short-term negative, which could allow for a bit deeper near-term technical pullback before rallies can get back underway. 

Given February’s tendency to be a more difficult seasonal time than January, I suspect that the ongo...

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