The 1509 area did support as anticipated Tuesday and a bounce back to Wednesdays 1523 resistance is in play. Since the market did not drop into a quality low two possibilities to be alert for. One, it breaks above 1523 then 1530 and goes to near 1550 making five waves up from the 9-10 low or two, stalls at 1523 areas and drops into the weekly projected support zone of 1499 to 1490.
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