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Recent key sector breakouts bouncing off important levels.

Like with banks in the KBE chart below. Common to see a breakout back test levels as support.

Good to see this holding up over the past week but not out of the woods yet.

Watch banks, smalls, housing, etc.

Those will be a big hint if the selloff is over, and if the outlook for the economy is holding up.

Aug 7, 2024
at
4:06 PM

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