The close in the S&P 500 is critical today and given the magnitude of recent moves, nothing on the upside or downside can be ruled out.
I think that in order to get excited, a close above 1876/78 is key. That would erase yesterday’s losses and show a fairly clear rejection of the 1820/40 zone. That could bring a bounce to 1905 into the picture but it still doesn’t signal the ‘all clear’.
S&P 500 daily
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