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Monday's Update

Monday, April 20th. - Stock Trends, Charts, and Commentary 
                           (***If you see last week's Monday Update do a refresh: Click Here
)

Last Friday was a scary day for many investors.

Institutional Investors regard the S&P 500 to be the best representative for the economy due to the number and diversity of its sectors. 

For that reason, we do follow the SPY (ETF for the S&P 500).   As you can see on today's chart, the SPY is struggling but is still in a technical up trend.

Friday's action brought the SPY back into its second triangular formation.  While the risk levels are definitely elevated, the SPY is not in a down trend yet.

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