A good downgrade hasn't got in the way of the plunge protection team.
But I'll stick with Dow 76.4% rally top early next week. Just can't escape the corrective behaviour and the skinny weekly wick from where this rally started. That wick is weak and I can't see it sustaining a move to new highs.
Had a closer look at Nikkei and lost confidence in a big rally there too.
EC
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