YESTERDAY : The wash rinse repeat pattern we identified in the weekend Journal took advantage of a small inverse H&S and acquired it's target. We are now seeing some potential cup/handle consolidation. However there are two swing highs to take out just above, so we could continue to see range whipsaws. The market is holding up well thus far so it is offering opportunities in single names. See no reason to not believe our 2225 target in SPX will not be acquired at some point, so continue to be long biased and see dips as buying opportunities.
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