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Intra-day reversal heightens risk of minor new lows next week

US Equity markets are likely in a bottoming process, and I feel that time-wise, lows are likely to be complete by 10/5. One can’t rule out a retest of lows which would bring about a mild undercut, and drive SPX likely to 4200-4225. However, this would mark an excellent risk/reward opportunity for an October rally.  Importantly, Treasury yields and US Dollar might show a more impressive retreat as an Equity rally gets underway.&n...

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