With both of the down legs on this 5 minute chart being the same length, it may be time to look for some type of trade able bounce.
If you decide to come along for the ride for a possible short term rally, make certain you keep a very close stop of not more than 1.5 S&P 500 points.
This way if they decide to run to or through today's lows you loss will be minimal.
The market is really acting like it wants to put together some type of bounce here.
Look to 1508 - 1512 for your profit target.
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