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The Fed raised rates this week and the index barely moved, but underneath the surface the RSP and the IWM have been drilled for weeks. My breadth readings went from 70% down to 20%, and that kind of stretch usually puts us in bounce territory. I also go through crypto, which was the strongest thing on my screen, and the Coinbase trade I put on today.
John Carter breaks down his new AI-powered SPX “Trader Brain” and how it reads the market before the move shows up on the chart. The replay is up now. Watch it here!