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Institutional Technical Analysis
Some interesting points - Gold could be a nice technical play!
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UBS' report is up....
Wishing you all well.
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Please find UBS' TA report on the broader market.
A fascinating read it has to be said!
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Here's UBS' report...
A great read as usual, let's see how it'll play out
EDIT: Doh! file too big, will place HERE
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Here's UBS' T/A take on the broader markets...
With last week's Wednesday sell-off and intraday low at 1820 the SPX has hit our 10% target projection of the September/October correction cycle. More importantly, with producing significant spikes in our fear indicators, the Wednesday sell-off was exhaustive and the subsequent reversal candle was a first contrarian buy signal.
Together with the Friday rally, a fresh momentum buy signal, and the significant reversal in the oversold Russell-2000 and cyclical sectors, we got the ultimate confirmation that our anticipated deeper October trading bottom is in place, which makes last week's SPX low at 1820 a new pivotal support.
The full story HERE
(the file is too big to upload)
Be well, and trade safe folks.
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