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We are really getting close now but observe that the indicator makes a low first and then

the SPX follows. The last time this happened in January the indicator hit it’s low on Jan
11 but the SPX didn’t hit it’s high till Jan 19th. The indicator was already headed back up
when the SPX headed down on Jan 21. Don’t know if this -10 reading is going to be the
low or not. As you can see it didn’t bounce last time until it hit -15.68. So still watching.

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