SPX: Still under pressure

SP:SPX   S&P 500 Index
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The index attempted to rebound yesterday for a second day and failed.
Yesterday it pulled up most of the day and ended below the open and below the previous close in high volume .
It would have to climb some 7% to claim back its previous up-trending channel. This will take time, if we ever get there.
More caution is warranted from here.
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