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Major Market Stress Remains - Update

As we commented before, the market pressure is intense.

Below, is the current updated P&F Chart of the Institutional "core holdings".

Note how it has broken below its rising wedge's support line. This represents a high danger condition for the current market or down the road.

Yesterday, the Institutional "core holdings" rose and held inside a triangular pattern and slightly inside the rising wedge pattern. We need an upside breakout of the small triangular pattern for short term relief from the breach of the rising wedge pattern.

 

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