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Tuesday, September 1, 2020

Caution flags are up S & P 500 has slipped in after hours

       Here is the report for the day and even though all three US stock boards went up today (9/1/20), as we are still looking for a correction coming up soon.       The after hours at this moment the DOW is up by .01 percent, the S & P 500 is at .00 percent and the NASDAQ is only at .08 percent at 4:21 pm PST.

       There are many reasons in why they are expecting this correction in the stock market and here is an article about it: https://www.marketwatch.com/story/the-biggest-problem-in-the-stock-market-bullishness-is-clouding-investors-thinking-2020-08-27.       Today the DOW has just hit 70.15 on the Relative Strength Index and the last time the DOW was in the 50s on the Relative Strength Index as it closed at $26313.65 when the Relative Strength Index was at 50.40.      Same thing is happening with the S & P 500 with the Relative Strength Index at the moment is now up to 79.19.         The NASDAQ for its Relative Strength Index is at 78.54, another sign that these US stock market boards aren't going stay up this high and will be starting to come down.     Right now these boards have peaked up so high and they won't be able to hold at these Relative Strength Index numbers.         

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