SnP-500 in consolidation mode today, short term retrace of the advance off the 1369 low. My analysis for the next 5-6 trading days will be to determine if a major low is in or was it just the first low of a larger decline. I can say the 1369 low was the best technical low since the twin lows of 2002/2003. Chart is a short term cycle and technical look at the four day cycle.
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