Key Timing and Market Structure Projections For Today's Session

FX:SPX500   S&P 500 index of US listed shares
57 0 1
Yesterday's price action invalidated our more bearish scenario but not in it's entirety. It does however make it the alternate count at present. The decline down from from magenta alt 2 does look impulsive so there is potential for another downside leg. Buyers at present do not want to see price drop below magenta b as that would imply new lows below 2064 would likely ensue rather swiftly. Good luck and profitable trading. Below is the link to today's projections.

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