Weekend Update – Happy August

Happy August everyone! We are now in the dog days of summer, and that usually also translates to the market.

Last week, the pullback was bought after some weakness on Monday. This was just as we expected and overall we saw a nice bounce. This week we could still see some more upside but we are nearing the top of the 6 month plus range that we have been in. Also the bar on Friday is hinting at a reversal soon. So lets see if the bears can go back on offense.

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