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SPYBEARISHIn depth · 4/5

S&P overdue for a 5% correction

The technical case argued: the S&P 500 is heavy and overdue for a 5% correction after a ~150-day rally, with the reaction to the upcoming jobs data and subsequent dip-buying determining whether it's a pause or a deeper downturn.

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SPY: S&P overdue for a 5% correction · Zortix