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Week to date, the S&P 500 is up less than 0.1%. The tech-heavy Nasdaq is the outperformer, with a gain of 1.4%. Meanwhile, the Dow is on pace to drop about 2.2% in its first negative week in five.

We mentioned last week to our members even though with $NVDA beating on earnings and upbeat guidance, the market would somehow just end Flat on the week. Even with the drawdown on Thursday, market recouped some of those losses to end the week virtually flat.

Next week, 2 data points that'll be most important will be GDP on Thursday and PCE reading on Friday. We believe Dips are buyable leading in to the event.

Plan Attached for the following week. I'm still expecting at this time the Prior ATH 525 area will hold and will be a fight between bulls/bears for this level. Long as this level holds, bulls are positioned for a leg up.

 

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