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Ready to Make New Highs?

Steve Reitmeister

On August 2nd the S&P surged to a new high at 1709. Since then we have spent several weeks consolidating under that mark with most of the vital economic reports showing improvements. (In particular ISM Services and Manufacturing). 

Will that be enough to break out to a new high at this time? 

Or is more consolidation in the cards? 

Give your prognostication in the comments section below along with your reasoning behind that call. 
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