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Guesstimates on August 18, 2017

September S&P E-mini Futures : The ES dropped below 2052 support yesterday on high volume. The market is probably headed for support in the 2402-2410 range. Any more weakness than that would mean the 9 month rally from last November’s low is over. QQQ: Short term support is at 136. This average is headed for 150. TNX (ten year note yield) : If the 10 year yield can stay above the 2.
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