SPDR S&P 500 ETF TRUST
Panjang

Expect the US market to rotate before another leg higher begins

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Expect the SPY and major US indexes to rotate a bit before starting another leg higher towards the end of August. The momentum is certain bullish at this point and earnings continue to drive higher expectations for the general market. My analysis suggests a bit of rotation could come over the next 5+ days as these new highs are created by the moderate push upward. After the middle of August, I expect the US markets to rocket a bit higher for about 20+ days.

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