SPX: So far wave iv has retraced less than Fib 38.2% of wave iii
The sky has not fallen. Wave 4 typically retraces 38.2 % of wave 3. The SPX is converging on a confluence of several key supports, Daily Pivot's S3, Fib 38.2%, Double Bottom, apex of ending diagonal, and most significant of all, the long term channel support.
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