The System stop is being lowered to 4hr resistance at 1641.47. The trade will be a lot more profitable if a lower hourly close is made and we can place our stop around today's bounce high currently at 1609. If 1599 finished a wave 3 down, we should get another leg lower to 1575-1597 before a B rally. However, a double zz down and extended wave 3 are also possibilities, but none of those 3 options are likely to see large bounces much beyond the 1618ish breakdown. The Score may be neutral or close to it by end of day...almost certainly by tomorrow morning. Given what looks like a BOW day today, it's likeliest that SPX will bounce around 1575-1625 for the next 3 days assuming the downtrend is not over which is my assumption based on all my evidence for a deeper dive. Good fortune.
we had a 1884 low today...do you think we will have right the way a B rally from tomorrow? the score i guess is neutral already. thank you for your great anaysis. we should pay you :-)
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