S&P 500 futures fell to a new low under that of last Friday which found against 4339.50-4336.25, a wave [III] target zone. Thus far, we have had a choppy bounce up from that area through the morning and early afternoon. Was that the wave [III] low? I’m not sure. The price is right, but the form is not clear. I’d say that if futures stabilize above 4366.…
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