Coiled Spring Capital Mid-Week update

Quick midweek update. A few things we were considering in our weekend Macro report have played out. We highlighted that strength was likely to be sold & thats what's occurred. We were hoping for higher levels to be achieved before sputtering out but Europe inflation readings took the wind out of the sails. We highlighted multiple reasons why the stk market had some NT issues & a reason to approach this week with caution. Here are a few charts to consider as we head into the Weekend: Green box resistance on the weekly is proving formidable as we discussed.

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