Markets are defying a meaningful pull back.
With the last hour rally going into close, markets closed near at the highs of the day.
$INX 851.92
$INDU 7957.06
$COMPX 1652.21
The market reversal which I alerted near at 11:30 am which were the LOD.
$INX 835.45
$INDU 7804.21
$COMPX 1625.88
Markets tagged HOD near closing.
$INX 852.87
$INDU 7979.44
$COMPX 1654.85
With the MSFT and AMZN earning report news, it is evident that markets can be taken either direction at will as entire financial markets can be manipulated with the Fed along with the trillion hedge funds which bankrupted millions of Americans.
No price technical damage is done to confirm a meaningful pull back even though we have signs of internal deterioration and several other technical and fundamental reasons for a pull back as I noted during the last couple of weeks.
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