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Daily Divergence with our Breadth Index

Our Breadth index slightly improved on Friday while the market continued to slide.

We haven't seen the final "wash out" we were waiting for, but due to this divergence, we decided to cut our short position by half at market close: 1345.06 - 1295.89 = 49.17 (gain).

Market Breadth

Current position: 1/2 short @ 1345.06

Have a nice day,

 

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