The work continues to suggest strongly that the complete re-test has not run the course and this rally we are having now is NOT the starting point of a new intermediate term move up.
The hourly chart gave a sell signal today and the work continues to call for lower prices in the 1412 to 1432 area on the S&P 500.
Aggressive Traders can look to purchase put options in here for a potential of 50 or more S&P points.
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