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S&P 500, from a different view

S&P 500, from a different view

A contested election will likely send us sideways and further into the current wedge but with little predictable volatility .

Biden win could break us down and accelerate the wedge , giving the index an intra-week target of 2850.

Trump win could also send us sideways and further into the current wedge , with the next likely move being to the resistance at 3500. Ultimately leaving open the case for a bull flag , with a conservative target of 4000 for August 2021.

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