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Morning Matters:

Italy In Trouble?
by Geoff Garbacz

October 2, 2018

Italy is causing pain for Europe as the country produced a budget that took the deficit higher than expected. As such we thought it made sense to look at the chart of Italy via EWI.

There is a gap open that is circled in the chart below that needs to be filled. Also, key is the support level of $27.50. Continued weakness in Italy and Europe will be problematic for U.S. stocks.

[Image 1]

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