Patience is the companion of wisdom!

As our parents always reminded us, patience is a virtue and in this case we need to hold that thought dear.

The S&P500 is in a short term correction, and could possibly retrace to the 1021 area.  If the good GDP figures were enough, then perhaps the intermediate uptrend will resume and the market over the next few days will start with a short term uptrend.  But this is no time to be gambling on 50/50 chances.  Let the market signal its direction.  A break of 1101 would be positive.

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