SPX Update: An Interesting Fractal Comparison to 2012
Last update noted the market may be in position for a correction and expected some downside follow-through beneath Wednesday's low. We did see a little downside follow-through but as I highlighted yesterday 1514 was the key level to watch as the break-point catalyst for any larger correction. The market bounced at 1514.02 and has thus left its options open. I believe it's very important to assimilate new information as quickly as possible as a trader. The fact that the market bounced at the key support level is new information I didn't have yesterday and the market's reaction to the ...
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