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SP500 daily chart looks like an upward sloped trading range,...a diagonal
triangle which supports a short term upside resolution. If the strength this
morning was completion of a Wave D,....with weakness this afternoon
comprising Wave E,...we could be poised for a brief thrust rally
resolution,...likely turning up Friday into Monday or early Tuesday
coinciding with FOMC announcement. Target 1408-1410 on cash SP500. Another
reason to expect a turn (higher) here is that Fri 11-12 is
13 market days from 10-26 which was a key low turn date. Any thoughts? JIM
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