![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0tpVMzxiREiM87agJ3HSBgYsKS6DUQIAmk0Tw4yh1N8nP_R7suMT82LONL_t4rAfrTx7ykvRlZJ76u2QEA47WoBBilEdApzo6NRLgu3AVZbu1oK_5tXJhgvtSlxSZcCiQG32YBy3ji3rxnIqEOSF8ttTq02ufyCSI9EbPPC15NWhe7kIs1gdEmP7AlTkY/w400-h240/SPX.png)
But the correction scenario could be a replay of the story of Lucy, Charlie Brown, and the football.
The full post can be found here.
Lucy and the correction footballMarch 27, 2024 at 16:18 PM EDT
Mid-week market update: Since January, I have been saying that the stock market is extended and could pull back at any time. The latest conditions shows that the S&P 500 is consolidating sideways after pulling back from above its upper Bollinger Band. The stochastic has recycled from overbought to neutral, which is a tactical sell signal.
![]() But the correction scenario could be a replay of the story of Lucy, Charlie Brown, and the football. The full post can be found here.
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