Tuesday June 28, 2022
Hedge a Bear Fund
Hedge is re testing its break out point marked by the blue line.
INDU
The big advances happened in two of the last six days.That looks more like a bear market rally.
NYSE Advance decline Line
The reliable advance decline line has not really turned up. This week will see the month end and it really needs a close over 32,000.
INDU needs a close over 32,000 and then 33,000
Looks like the downtrend line comes in at 32,500
Meanwhile bonds are still struggling to find a bottom
LIke the stock market we need to see more here to really get enthused about a sustained rally. this may be a fourth wave pullback with higher prices in store.
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