The SnP did not give a quality bottom at the low Monday. If this bounce fails at the 1463 to 1468 moving average zone risk of the crash pattern remains valid. If the index can get above 1468 today and continue on up to the 1490 area it should continue to 1540 by the FOMC meeting. If time was not in the crash window I would have bought the low at future 1451 area Monday, to much risk with a low quality bottom within a crash window.
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