A.M. Look 8/29/17

Spu’s 50X3 Point & Figure…shows a level that can be a Bear Trap. I’ve seen this many times when the P&F seems to want to continue with the direction and reverses first.
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SPU/BONDS…the last time we traded the 200 DMA was the Spike low on Nov. 9 Election
 
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This is not a place to Puke portfolio’s or establish short positions.
I’d buy before I sell at these levels in the Indices to see if we hold.
If you haven’t read Yra’s piece last night you should.
There are many markets on key pivotal levels.

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