S&P500 Leading Indicator Scan

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Retracement clearly over, and now 5 out of 7 of my panel of leading indicators are suggesting that more crazy upside on the S&P500 is on the way. Only the High Yield Bonds and the Russell2000 have not taken off - yet.

On the contrary, we can visibly tell that the S&P500 is being stretched. It obviously is.

Nonetheless, expecting further gravity defying up spikes, at least for the next two weeks or so ... tread carefully!

Penafian

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