Is What Everybody Knows Worth Knowing?
Was the run up from early August the graceful exit?
Everybody knows markets don't crash right off a high.
Everybody knows that the market always offers a graceful exit.
Is what everybody knows worth knowing in a market that's seemingly been managed in the midst of an unprecedented experiment?
As we asked in this morning's Daily Market Report, if another undercut of the 50 dma plays out, will we see a successful test of a 3 point trendline around 1950 play out or was the run up from early August the graceful exit?
See daily SPX here from morning report:
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