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From the Market Ear:
Inverse HS?
Is SPX flirting with an inverse HS formation? A proper close above the 6900 area (futures) and things could get squeezy. If November was just a shake out of weak hands, and the trend channel remains the compass, then we have room to push this substantially higher.
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Russell roaring
Russell breaking up big here. Upper part of the channel is way higher…
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Break out?
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.