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US Markets at a Major High ?

TVC:SPX   S&P 500 Index
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Hi Everybody, On the Monthly S&P Chart, we have now reached the 100% Expansion of the last Major decline into the March 2009 Lows. This would be a logical place for the S&P to make a High - So does this now mean the S&P (and the US Markets) are set for a meaningful decline ?
Thanks, Steve
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