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That is the lesson from Wednesday's breakeven showing for US stocks. Even better is that shares were actually down a good spot early in the session before rising to the second highest close since the Great Recession.
What it tells you is that investors canít find many good reasons to sell stocks. Even when they have rallied almost continuously for the last 3 months. The natural outcome of shares not wanting to go down is that they will probably keep heading higher.
1500 is becoming solid support. Next stop is likely the all-time highs at 1565. At that time I suspect stocks will be ready to rest.
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