Could we be at a low? Maybe.. Next week is important for confirmation

Both SPX and QQQ now look to be at or very near support based on Friday’s early draw-down, and the Powell-inspired late-day lift could have served as the initial catalyst for trading low right ahead of when cycles show a bottoming in SPX next week. In order to have confidence that this is the case, it’s important that prices turn back higher in a manner that helps get above recent downtrends, which have been in place since mid...

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