The S&P 500 is due for a bounce or consolidation at a minimum and may even have made a more substantive low last week. Primary view is that after a few days of sideways to higher, the market will dip to a slight new low to complete a wave (iv) and rise into late summer or early autumn. The day session open will probably be just under 2637 SPX. At some point today they should attempt to push lower from resist but not expecting a new low from it.

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