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The market pays us to do what it does. It can go up, down, or sideways. And it doesn't pay us well to guess. IWM the Ciovacco Chart shows price leading the MA3 leading the MA5 down and price below the 40 week MA (~ MA200). It's an oversold hot mess. The SPY is better, but not good as the short-term configuration is negative. Our job is not to inject reasons, because we can find a reason for anything, regardless of whether it's true.
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