The good thing about trends is that they can't last forever.
This might be the day where we break the lower trendline, and stay below it for the day. Of course we did that for a few days in late May, only to resume this bear market rally.
Valuations and the good news crescendo in this instance leads me to believe this trendline break will be the one to end the bear market rally and start to establish a new downtrend.
Once the 920 level is breached, I'd expect the near term target to be 890-900. If...
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