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September likely to show strength into mid-month

Friday certainly wasn’t too inspiring to build upon Thursday’s big rally, and prices gave back nearly all of the prior days gains to close right into this key $SPX-3920-5 zone.  While many suspected being bullish in September was clearly the wrong call given Fridays activity, there wasn’t too much damage done that suggests it’s wrong to bet higher into mid-month.  Prices failed to undercut Thursday’s lows, and Advance/Decline data was larg...

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