Dominate Your Market
by Jim Wyckoff
The U.S. stock index bulls are wobbly following recent price pressure, including last Friday’s bearish weekly low close, which begins to suggest a market top is in place. Bulls still have the overall near-term technical advantage but a five-month-old price uptrend on the daily bar chart is now in jeopardy. Remember, too, that the months of September and October have been known to be unkind to the stock market bulls. Stay tuned!– Jim
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