Glen, thank you. Breadth remained oversold all day yesterday. It was a clue to the rally today in the afternoon. only today during the last 2 hours did breadth on SPX begin moving towards overbought (hourly). It's about half way there. From that I take it that we still have some clean up work to do overhead before we go down to your target.
Or we may go down first, your tardet is definitely there on my radar too.
My charts indicate that it IWM could lead the way down next week.
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