This late-January stock-trading pattern has been a winner in 30 of the past 38 years
The stock market, as measured by the S&P 500 index SPX, has broken out strongly to the upside, trading at new intraday and closing highs. The breakout came on Jan. 19, over the 4,800 level. That now represents support, and that support extends down to 4,680. There is no classical resistance,…
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