The S&P 500 has been selling steadily since the open. The morning forecast had been to look for a lower degree third wave low in the morning but they continued into the afternoon. As I type this, there is some effort being put into holding 3927 SPX. If a small consolidation begins, first hurdle to overcome is at 3939 followed by 3960 at which point the bounce could be big enough to qualify for the hypothesized fourth wave. After that, would look for another press down to complete the first impulse down from the proposed [b] wave high. If a [b] wave has been set, the last two days of drop are just a taste of what is yet to come.
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