The question today is does the Daily confirm a Phase 1 or does the Daily Phase 2 continue? The SPX must get above 1518/19 for the Daily Phase 2 to continue. The 60 min has confirmed a Phase 1 this morning and has exceeded it's projected low of 1503.8, it looks like the 60 min is going to confirm a Phase 2 during this hour, the projected high will be 1522.20, that would indicate the Daily will likely remain in Phase 2.
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