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S&P 500 (SPX)

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5,069.57
+58.97(+1.18%)
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Todays move is pretty darn convincing that the correction is upon us. I expected a continued rise so I am willing to switch position on a dime. Any rally from these levels should be shorted. Looks like imploding of TRUMP with his explosive erratic tweets that have topped all his others. His frustration is finally showing on Wall Street. No health care bill and doubtful they get anything passed soon.\r\n\r\n\r\n\r\nSummer thru November will be shorted on any decent rebounds.
 I totally agree. I'm not banking on a new high. I'm loading up again on shorts around 2438 if they get it there.
Absolutely text book last wave surge should occur (IF) we do get the correction starting this month. In fact if the correction does occur this year the setup for last wave surge is classic and predictable. Please look at discretionary spending and the wage to spending component on a monthly basis. The fact that we live in a zero inflation environment means we magnify the affect of disposable income. These last 8 years was no manipulation in the pure sense. Historically we are following a path already proven. if you want in include political actions and FED stimulus to the manipulation camp it has been going on for over 50 years.
Thanks Gary. Thoughts on a price target for Monday/next week?
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