In the 10 trading sessions since we posted A Natural place to rest, the market initially pulled back 7% to the trading range breakout and then bounced back to 3150 with no follow through.  In other words, there has been a lot of volatility without much net movement, just like what happened after prior periods with similar breadth thrusts off the low.  We expect this type of market behavior to continue for the next few weeks and want to continue to use the weaker moments during the consolidation to add risk.

 




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