40-60 SPX pullback started?

SP:SPX   S&P 500 Index
From Woody Dorsey:

It is of note that stocks have gone nowhere for 6 days while generic optimism has continued. As I said last week, there is a local negative energy due early this week which has been threatening but has not yet become overt.

Still the wide ranging bar from last Thursday offers tight risk parameters. If taken out on the downside, selling opens up. Let’s see. The market is going to make a decisions even though the seasonal should be friendly.
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