Friday the indexes were setting up for a big move. The S&P 500 was right on a key retracement level and the 50 day moving average. Something big was going to happen today on this pivotal point- and sure enough it did. We just felt the move would be to the upside instead of the downside due to the fact that all of the technical indicators were lining up in our favor and the economic landscape continues to improve. Taking no action today.
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