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The weekly post for SPY 0.00%↑, QQQ 0.00%↑ and GLD 0.00%↑ should be reviewed prior to this. It can be found here Market Analysis for the Week of 8/16
Equity indices are guilty until proven innocent here, but have arrived (or nearly arrived) at an absolutely massive spot. The reaction here (or lack thereof) has meaningful implications. Gold continues to perform well but sits at a major resistance. See the dedicated post on gold from 8/7 for more GOLD IS ON THE MOVE along with the update in this week’s plan.
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