Monday was a down day dropping below the daily down cycle projected low of 1518. Note the 120 chart is almost oversold and the 60 minute chart is a few hours of lower lows from being oversold. Near the close Monday options bought at the sell signal at the 1530 area could have been sold. The 1509 120 minute chart moving average is going to be solid support Tuesday if we are going to see 1605 in November. This weeks projected lows range from 1499 to 1490 and would be the maximum expected decline for the drop into a 26/27th buy signal
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