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Guesstimates on September 30, 2016

December S&P E-mini Futures: The ES has bounced off of the 2136 midpoint between the 2100.25 low and the 2172.75 high four times during the past three days. I think a drop visibly below 2136 would now be quite bearish and I would not then expect support near 2124 to hold very long. If this latter level does fail a drop well below 2100 will be underway and would probably carry to the Brexit low at 1980.
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