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So far we've reversed from the 1362 line (from 1363 spx), and are about 15 points under that. We shall see if this is indeed a top. I would not rule out the possibility of a 2nd or 3rd attempt of the market to try and break this. But, note the wising bearish wedge forming. I suspect this might lead to a few volatile up/down days with decreasing trading ranges and then a break downwards (in this scenario).
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