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The price target I gave in my newsletter at the weekend for the move down on the S&P500 was 1288 but despite getting the sharp that I was looking for, the strong support level at 1293 kicked in again and was enough to halt the decline.
Closing that gap would be very likely change the analysis and kill the bearish 1-2, i-ii count…however, cash is cash and quotes are quotes so lets see what it wants to do first.


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