The market went up on thin air and now it is giving back in 13 days what took 46 days to gain..Not sure this is over yet...May get some bounce as we are getting extremely OS now on the 2 hour chart and several daily indicators are getting into OS territory..Just have to see if this is a real correction...Looking like one...but never know what news the Feds can come up with..It has been some time since we have hit the daily 200MA now at 1707 and that may be the target?? Only time will tell..We should start hearing the "falling Knife Theory " soon...Last two pullbacks were stopped by the daily 140MA which is where we are at the close today.
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