Unfortunately for all of us, there's been no material change since the last update. The market has simply spent the past few session range-bound in a sideways grind (in fact, it's only moved 7 points in absolute terms since Wednesday). As I noted in the last update, bears do not yet have an impulsive decline to latch on to, and that remains the case as Friday begins:
INDU has likewise not broken through its first meaningful support zone yet:
In conclusion, there's no material change from the last update, and the market is stuck in something of a no-man's-land. Hopefully things will resolve in the next few sessions. Trade safe.
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