Stocks Forming Significant Bottom: Update

CME_MINI:ES1!   S&P 500 E-mini Futures
A somewhat more bearish scenario than the previous idea (linked) may be completing as we speak. The adjusted midpoint here is on Dec. 13 where the previous down move suddenly accelerated downward in a steep panic-selling type of move. Nevertheless this setup suggests that this selloff should be about done anywhere under the 2350 level and we should see a significant bounce this week.
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