The S&P 500 on the Weekly Is What Counts

As we mentioned yesterday, the health of the uptrend depends upon what the weekly SPX would do for bulls and bears.

Bulls saw value today and put cash to work.  Check back later for a review of stock and ETF positions that are working.  We are expecting a follow through tomorrow to confirm that the bears are heading back into the woods .

If that confirmation comes, that is the time to buy or add to working positions.

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