Jeff Cooper looks at charts of two former leaders to walk through the subtleties of trend change.
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On Monday, the S&P 500 carved out an N/R 7 day.
The market reacted strongly to the 1379/July 19 S&P square-out, giving a 2-day, 43-point decline.
Total jerk brings 19 cats for a flight, then abandons 15 when the airline puts a limit on feline baggage.