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We had suggested last week to our PRO SUBSCRIBERS:
Last week, we suggested the current setup, "suggests a bit more rally could occur next week."
That remains the case this week.
We may be at the limits of that rally for now, but given that last week was an extremely light trading week due to the holiday, we will hold until Monday to see what happens next.
The market is back to very overbought short term so a bit of a correction is needed to add to our position.