CHART OF THE DAY: October Breaks Down Against September

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Last week, observers started realising that October trading and September trading were looking a lot like each other, as both months started with a dip, followed by a surge, followed by choppiness, and then a decline. But with today’s action, we’ve broken decisively below the September benchmark. And with the dollar rallying, and fresh concerns about bank sector health, we might have a hard time pulling back in the final week of the month.

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