The Bull Market is still intact
As you can see by the lines drawn that the Bull Market is still intact and as of right now this is a blip on the screen. But I want to say that this could turn on a dime if consumer confidence takes a big hit because the consumer is almost 80% of our entire economy so if that takes a hit then all bets are off. But until that happens we are still in a defined Bull Market chart pattern and were really not even all that close from breaking below the lower end of our defined channel.
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