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There is only one line of support left. That’s the long term TAIL of support (see chart) down at 1063. If that holds, markets aren’t going away – at least not today. If that line doesn’t hold… well, we’ll let you know what we think after we see that closing price.

It will be interesting to hear what the bulls have to say in the morning.

Keith R. McCullough
Chief Executive Officer

Large May Shower: The SP500's Long Term TAIL - S P