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VCSC Daily - Rate cut and real estate rescue

Technical comment. Wednesday’s rally has not changed our cautious view. We think a correction is on the horizon as the indices approach the 400 and 55.5 resistances. However, the short-term uptrend is still intact. Again, do not chase prices and wait for better prices on the dips or enter tickers that have already corrected in the last 2-3 sessions.