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S&P 500 Forecast Update August 12 2021

We think we are a little off on our timing with the S&P 500 – but not too much.

S&P500 Forecast August 12 2021

In our last update we expected a move up to the red resistance line then a sharp move down to our long entry point. As yet, this has not happened but this Index has “run out of steam”.

We are still expecting a sharp move down and if this does happen it could be “short lived” and a great opportunity to add to existing long positions.

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