Silver Dagger

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I always like to zoom out during the weekend reports and look at the big picture of the markets.

First off, the SPX since the 2009 low has continued in what I believe to be Wave 5 of 3. For those that are new, I believe the move up into 1929 was the start of Wave 1, the crash that caused the Great Depression was Wave 2, and since then we have seen the US on one of the greatest economic runs in world history.

Sept 19th SPX

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