My thinking is that with the FOMC meeting this week, we may see a trigger, raising interest rates, for the markets moving much lower. Perhaps, dropping below the February low. We may rally into this event, but the character of this most recent rally has been poor, to say the least. The Dow Jones and S&P 500 just haven’t shown any real strength. I had mentioned the idea of caution going forward in today’s post and I wanted to give you some thoughts as to what that might look like.

While this doesn’t look like a market top at this point, there is some reason for concern.

Stay tuned.

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