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The System says it's stay in cash or short. Short rallies. Don't get bullish unless the s&p breaks over the 50 sma. And that Crash Warning season is on.
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Update on October. 15 trading days left. I told you market could go higher first 2 trading days because of September drop and new auto $ and it did. Sell off would start last Wednesday and it did. Now we are waiting on the Crash. That said there can always be a dead bounce still.