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Market Outlook

Today, we saw a retreat from the strong rally on Friday. It could be the beginning of a new selling or just gains consolidation. Given that the VIX futures structure is still in contango, I would vote for a pause in the uptrend. We are still going to the 200-day MA in the near future. However, the FED is announcing new rates this week and it may change the entire story. They still can kill the rally.

Market Outlook

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