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After a nice run up, Dow is getting a bit overbought. Need to be cautious and hope it trade sideways a bit. Things are still bullish and we will remain bullish till the trend changes. Just need to be cautious as Dow has moved up a lot.
Let's take a look at what the charts are telling us.
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Dec 22, 20 09:27 AM
The SPX is still in a nice bullish uptrend, with it staying above the rising 20 MA and 50 MA.
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