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If by soaring you mean continuing the 5+ year downtrend then...

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    If by soaring you mean continuing the 5+ year downtrend then yes, that's exactly what VMC is doing.

    16c soon as the SP mean reverts (VMC chart below).

    SPX consolidating yesterdays gains nicely.

    https://hotcopper.com.au/data/attachments/1825/1825370-a31ae9879cd07481c83a5a0c7710f95a.jpg

 
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