The Fred Report - Mid Week Update July 24, 2024

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Note the formation on QQQ looks a bit like a short-term Head and Shoulders top, with an objective of 450 or lower (that area is good support, though).  TLT below 91 would suggest a move down to 85 at least, and possibly lower. This would be a surprise to the markets, and to me as well, but the technical indicators suggest this is possible.



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