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SP 500 40 Point Correction

The recent AB=CD sell pattern has had a 40 point correction and corrected late last week down to the first support area. The question now is do we see a lower high to the high made the day of the fomc meeting or higher highs. The SP 500 ralled up to the .618 retracement and so far has not gotten above. There are a lot of reports coming out this week that could move the markets.

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