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TY Mike,
I don't claim any better foresight into the future, yet I want to give an opposing mkt read/scenario:
For the monthly S&P500:
- I read the two legs down last summer and at the start of this year as a 2legged correction, which is now over.
- so to me the mkt is neutral and not overbought.
- worst case down would be a big trading range ( inside this year's High and LOW)
- best case (and my bias) is a breakout to the upside.
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