The overall idea of finding support in a wave ii in SPX is still alive but other indices like the Nasdaq 100 or New York Composite are starting to give me pause and more seriously entertain the thought that the high of the year may already be in. Short term, if SPX is under 2693, a likely event given how futures look, expect lower to 2681 if not down to the next zone of 2669-2663.

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