Stocks at the Breakdown Point
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Stock indices violated key technical levels on Thursday/Friday confirming deeper breaks. The S & P futures below 3900 is projecting at least 3730 if not 3600. NQ futures are starting to project at least 11340. The earliest cycle low would be shortly after the FOMC but it could extend. Is there any chance for a traditional seasonal rally in October? Can the bulls ever come back?
-Barry
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