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Published on Aug 31, 2016
The
S&P 500 fell significantly during the course of the day on
Wednesday initially, but we did get a little bit of a bounce towards the
end of the day. Because of this, it looks as if we are trying to stay
within the consolidation area that we have been stuck in recently.
Because of this, it’s probably only a matter of time before we rally,
but having said that it’s likely that the market will continue to bounce
around, and perhaps reach towards the top of the consolidation but with
the jobs number coming out tomorrow, it makes a lot of sense that we
may have to wait until after that announcement before we get the
volatility and momentum necessary to continue going higher.
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