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[RT] SP 9-15 Scenario 1



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The attached chart shows a potential where the projected intermediate term high may already be in and we will continue down to the next projected intermediate term low point.

In this scenario,  the medium term high is already in as well. That would be the high of 8-22. The most recent high of 9-11 did not take it out. 

In this scenario the some what early medium term high is a sign of continued weakness.






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