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Possible Island Reversal in S&P



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Been keeping an eye on that two day island (9/4 and 9/8) sitting up there in
the 30 min spoo. At 9:45a central, I see that we failed to close the
right-side gap and have headed down. Should we fail to close this gap before
breaking below 977, the island reversal would appear to be particularly
negative for the market.

Earl