We finally hit our second inflection point and bounced dramatically off the 38.2% retrace. This completes a corrective structure down from the all time high and some caution is warranted on short entries going forward. If it is to be a more extensive decline, a bounce to the 2112 area would be a reasonable target. We're still working on the projections and key timing for tomorrow's session and will post again as soon as it is finished. Below is the link to the extended projection article.
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