re: today It feels to me that markets are working off overbought conditions without doing much damage. Sideways to creeping up can achieve that.
That isn't what I want.
I need to see this week with little or no advance. That may happen but the bear case will have be proven again.
There will be a Sep/Oct drop but the later it starts, the less the impact I suspect.
re: today It feels to me that markets are working off overbought...
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