Sentiment gradually starting to lift; Equity indices likely to consolidate starting mid-next week

Wishing everyone a safe and happy Independence Day Holiday! 

Short-term trends remain bullish, and daily momentum gauges have hit overbought levels while DeMark exhaustion could materialize as of mid-next week for SPY and QQQ. It’s bullish to see the degree of broad-based expansion in sector participation following a push to new all-time highs for SPX and QQQ, and DJIA and RSP could join in reaching new highs as of next ...

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