Crucial Gap

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The bulls continue their nearly uninterrupted curb-stomping of the bears, which started 42 days ago. At this point, the key “magnet” is the Sept 12/13 price gap on the SPY, which is only 1% away.

All eyes are on the Fed Minutes, which come out 2 hours before today’s closing bell. I’d like to point out that the Dow 30 DIA fund is at the cusp of ruining this year’s series of lower highs.