Yesterday played out more or less as expected with the a retrace lower in the morning and rise from support. There was a wrinkle around middle of the day as to whether there would be a weak attempt to test that support again or coninue rising but that can't be helped. Odds of one more low in the S&P 500 to set wave (iv) are still alive but it is important for bears to step in today between 2668 and 2672 SPX.

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