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Trend bullish- Uptrend has reached near-term targets;  However, broadening out in US Stock market should allow for further gains into late June.  Long exposure still looks correct, with consolidation making prices more technically attractive into next week  

Overall, these past few weeks have strengthened the case for a 2H rally, not a selloff back down to the March lows.  While prices are nearing overbought levels coinciding with a noticeable uptick in retail sentiment, there hasn’t been any evidence of deterioration in risk-on sectors.

Technology experienced a minor “settling” this past week while other sectors played “catch-up” This wasn’t thought to be bearish.  Rather, this looks like a healthy sign of short-term rotation

As discussed in recent days, the strengthening of Industrials, Financials, and Consumer Discretionary are thought to be helpful towards why breadth has skyrocketed in the last three weeks.  These are important sectors and should be joined by Healthcare within the next few weeks.

SPX briefly got above last August’s peaks of 4325 before settling at a small late-day close back under 4300.  One cannot rule out some early weakness to kick off ...

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