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Monday, October 18

Musing on the S&P 500. Is it going to embark on its greatest rally ever?

This few days trading will decide whether S&P 500 is going to embark on its greatest rally ever.

Below is the 5 minutes chart. a. represents the case for the greatest rally, b. represents the case for a sharp downside drop below its 1130 support.

Where is this going? I am not taking any bets. But something in me says it might be b.

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