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The S&P 500 has broken down significantly during the trading session on Thursday as the bubble looks like it has finally been popped a bit.
The S&P 500 roared to record highs on Wednesday.
The 3600 level is a large, round, psychologically significant figure that is clearly in the crosshairs of S&P 500 buyers.
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The NASDAQ 100 initially fell during the trading session on Wednesday as one would expect, due to the fact that we had broken above the top of the up-trending channel, and therefore are starting to get parabolic.
The S&P 500 went back and forth during the trading session on Tuesday, in what has been a very volatile day.
The NASDAQ 100 has rallied rather significantly during the trading session on Tuesday, slicing through the top of the Monday candlestick and perhaps even more importantly the top of an uptrend and channel that has been crucial for quite some time.
The S&P 500 has rallied a bit during the trading session on Monday but has given back a bit of the gains in order to form a less than enthusiastic candlestick.
The NASDAQ 100 has rallied again during the trading session on Monday, as we continue to see money flow into the tech sector.
The NASDAQ 100 has gone back and forth during the trading session on Friday as we continue to see a lot of bullish pressure due to the fact that the US dollar is crashing.
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The S&P 500 initially tried to rally during the trading session on Friday but did pull back a little bit from the 3500 level which is a large, round, psychologically significant figure.
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The NASDAQ 100 has gone back and forth during the trading session on Thursday, as we are fighting with the 12,000 level.
The S&P 500 has gone back and forth during the trading session on Thursday as we had been waiting for the Jerome Powell speech.