Odds now greatly favor that the L1 Beta pulse completed at yesterday’s low in the cash S&P500. We are now bouncing higher in a Delta pulse. A lower low today (without being part of an outside day that closes higher) will be a bearish development. All eyes are on the current bounce to see if it can reach for new highs; which will tell us a lot about whether the bull run from March 6 is truly well and done.
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