In today’s briefing:
- Stick With Global Technology; Pullback Phase Finally Here on $ACWI; Supports to Buy
Stick With Global Technology; Pullback Phase Finally Here on $ACWI; Supports to Buy
- A pullback is finally underway following Trump’s Friday tape bomb and the decisive loss of the 20-day MA on the SPX, though $ACWI is testing the 4-month uptrend at $136
- We are no longer near-term bullish which had been in place since our April 22 report, but we are still bullish intermediate-term and are buyers on pullbacks.
- Short-Term supports to watch on ACWI-US include the 4+ month uptrend (currently at $136), $134-$134.50, $131.50-$132, $130, $128, and $125-$126.
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