S&P’s closed near the highs, we expect to see some consolidation or a pull back to the 21 ema. On a weekly chart S&P’s have retraced into the 50-61.8% fib box and are hitting their head on the 200 week ema. The indexes are extremely over bought so be cautious if initiating any new longs. We took a new long position in EURUSD at 1.3749. Have a good weekend.
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