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No intermediate correction of SPX: continue short

INDEX:SPX   S&P 500 Index
110 0 3
Although voices predict a "intermediate" correction, the still existing difference between IQX and SPX             performance indicates that no intermediate term correction will occur. In addition we have a 200 points correction under low Volume and a slow and stepwise increase of VIX             (like in 2008). Without a VIX             "panic" till 45-50 selloff, a bottom is not likely.
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