My plan for today has been to see a retrace after the S&P 500 drove up into the 4781.50 to 4789.50 area. That certainly is playing out to plan though it took its time to get started. I’d like to see 4751.25 minimum if not 4743.75 tested before the next bounce attempt with the possibility of seeing 4720.25 tomorrow if the bounce is soft.
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