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The S&P 500 is moving within a large range following the sharp decline in early August. The breakout of that range is likely to determine where we head over the next few months. As discussed in the August 5 article, minor stock market corrections are typically between 7% and 11.5%. This is the scenario that could develop if the S&P 500 drops below the recent range low at 2822.1. The pink box shows where the…
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