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Yellow Caution Flag Comes Out

Friday's action changed field position. The 'Ciovacco Chart' isn't totally reversed as MA3 (weekly) still exceeds MA5. A lot of red on the daily column Friday... SPY moved below the MA20 and MA30 (bottom, left) and on the thirty minute chart, we see the negative - lower highs and lower lows below the declining MA5 (orange) Interest rates are still low, but the yield on the ten-year broke out convincingly last week (top, left).
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