There was really no big surprise today. We were up a bit before fading into the close. Normally this would look more bearish, but we are going into a three day weekend and it is understandable that traders would look to take some profits or exit some positions prior to a holiday weekend. The VIX spiked up a bit more today, but all support levels are still holding so I will keep the outlook I had in yesterdays blog post. Financials were a bit weak today, but I still like those possible bullish ABC patterns. Gold moved up a bit higher today, but that gave you a chance to exit those positions at an even higher price. Have a great weekend!
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