Riskdial has improved to -1. I consider 2864 as extremely important. Should the market fail to retrace past that point, at some stage it will lunge for 2950 and the gaps left up there. It is unlikely to be able to sustain new highs without aligning the spreads in a much better position than they are now. A period of range trading is the likeliest outcome for the next 2-3 weeks: 2864 to 2925-50max.

A stock to look at today is: PYPL (buy on all indicated pullbacks).

We are in Monthly, Weekly and Daily Risk Off, having exited the Counter Trend signal.

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