Give Wednesday a chance to rally more but hope it is contained at 1296 spx
Advanced Get has us in a bearish count. We had an 18% upvolume day not the sell out volume you would expect. Vix spiked the Bollinger Band many say that is a rally sign but not always.
Second chart has the % of stocks below the 50dma on a sell.
Still like 1250 as target, a fib and a 7% correction from the high.
click image to enlarge
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