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Copper and Natural Gas weekly cycles show reason for optimism

S&P is growing closer to its Short-term upside technical target of 5521, while QQQ also is nearing resistance a bit higher than 483-5 mentioned last week.   Overall, there remains no evidence of weakness in SPX, nor QQQ, and until price violates the rising 5-day moving average and confirms daily exhaustion signals, trends remain bullish, and it’s wise to stick with this trend.

As mentioned last week, more than half of S&P’s ...

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