Breakdown likely Takes SPX to 4400 before Santa comes to town

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Key Takeaways

Trends & momentum remain negative for US Equities and could weaken further into end of week ahead of the long-awaited December bounce & Santa rallyNegative Breadth of -5/1+Negative in Monday’s session was far worse than last Friday, as Small-Caps, Transports, Financials broke down sharply.   This relative weakening means lows are still prematureCommodities were hard hit during Monday’s se...

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