We are coming up on some circuit breakers soon in the SPX and NDX. The SPX 1256.98 March low is within 7-points here, and the NDX gap at about 1805 is also within range. I anticipate the NDX will be subordinate to the SPX here. However, there is a chance the SPX will be subordinate to the NYA test of 8400, which is another 1.5% below where it is right now.
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