The Fred Report - Mid Week Update June 20, 2018

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The most important thing to realize is that the market is following the indicators, and last week these suggested a choppy week that would lead to a daily stochastic recycle. This seems to be underway, and stocks are trading well given this outlook. We expect this choppy behavior to continue for the week but note that days which open down and close above that open on the high are actually bullish days in our work.

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