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If this is the decline now, of which I believe it is, this is going to come down VERY fast. 100-165 point decline from here. ST target is still 1265-1215 (maybe even just above 1200). As I said before, when we reach closer to these levels we will have a better idea of the other different scenarios (rebound, breakdown, or consolidation).
Adjust your portfolios accordingly. Align this with your own research as well.
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