Market Notes for 1/29-2/2
Recap of last week: Last week, our analysis indicated a bullish outlook based on momentum and technical indicators. Despite some skepticism regarding the rally, we saw no compelling reason to short the market above 4800. As it turned out, our assessment proved accurate. This week, market conditions were characterized by choppy trading, with significant moves occurring mostly outside of regular trading hours. Intraday sessions were marked by tight ranges.
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