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Earlier updates here today noted to be wary if the S+P 500 falls below 5,500 today. Well, since then the futures price did fall further and it was indicating an opening at 5,504 at one stage. That is of course the lowest point for the cash index seen earlier this month. However, since then the opening outlook has brightened somewhat, but that is not to say it is going to be a positive start to the day. The S+P 500 is right now priced to reopen shortly at around 5,525
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