The "System" did very well.
Gave a Buy signal yesterday at 3650.
That all lined up with what we thought even last week could happen. That the news money would bring the market higher ion the first 2 trading days.
But taking profits and hoping for a dip is how I'm playing it.
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New money only partially responsible. Bond market set off algos for massive short squeeze. Just another bear market rally. If jobs report is favorable and earnings forecasts do not falter the lows of year may be in and we rally into 2023.
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