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Deflationary pressure from tanking oil/gold gives the SPX the excuse to pull back at least also. The parallel channel in yellow has broken down. 100% trend based fib ext seems a good target at 2680
Chart PatternsS&P 500 E-Mini FuturesshortSPX (S&P 500 Index)S&P 500 (SPX500)US SPX 500SPDR S&P 500 ETF (SPY) StocksTrend Analysis

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