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The last time the S&P did this, it rallied 25% to an all-time high

https://www.cnbc.com/2019/06/07/the-last-time-the-sp-did-this-it-rallied-25percent-to-an-all-time-high.html

Its been a wild ride for stocks as trade tantrums and global growth fears have ignited a surge of bearish sentiment around the markets. But a top technician says the charts are
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