The 1.3% rise seen in the weekly chart of the S&P 500, $SPX, closing at 1709, reflects an Elliott Wave 5 High. The chart of $NYMO, shows there is as sudden and severe loss of breadth momentum (an important red flag) is taking place, communicating that one should flee to the exit doors.
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The 1.3% rise seen in the weekly chart of the S&P 500, $SPX, closing at 1709, reflects an Elliott Wave 5 High. The chart of $NYMO, shows there is as sudden and severe loss of breadth momentum (an important red flag) is taking place, communicating that one should flee to the exit doors.
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