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Short

SPX shorting opportunity - update

SP:SPX   The S&P 500 Index
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My last post noted an SPX             shorting opportunity after the open on 10/4/16. The target zone of 2164 - 2166 was hit just after the open and 20 minutes later turned down.

The SPX             reached 2144 then had a late day rally. Early on 10/5/16 there could a decline to near term support at 2140- 2142. Note that the hourly Stochastic is near oversold. If a near term bottom is in place or will be on 10/5 the SPX             may rally into the close on 10/6/16 which is the day before the monthly payroll report.

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