Moving To The Exit
Written by Jim Welsh
Macro Tides Weekly Technical Review 31 August 2020
When the S&P 500 was trading at 3472 on August 26 I sent an email and later in the day posted a note with this message:
“The Nasdaq 100 is up 1.8%, S&P 500 up 0.83%, the equal weight S&P 500 is lower by -0.22%, and the Russell is down 0.44%. The black trend line connecting the January 2018 high with the February peak comes in just above 3500 near 3525. Should be a good place to sell.”
Source: http://econintersect.com/pages/investing/investing.php?post=202009010252
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