Summary
To sum up the current stock market, we offer ‘bend but don’t break!’ And yes, that is typical in a bull market. The S&P 500 (SPX) fell to 5,192 on May 31, about 10 points from its flat 50-day average and almost exactly at its 10-week exponential moving average (EMA). The index then blasted off, closing 86 points off that low. The SPX was
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