Lower low and an active rally by the end of the day. Couldnt ask for anything more. Our SPX daily Stoch. is still down-trending and looking for either a 3 wave up or 5 wave up rally. 3waves would suggest we are corrective and might print a 2nd wave structure. A 5wave up depeding on the size could be an A wave or the 1st wave to a progression for a new high in the markets that would label a 5th wave of this move from the June 2012 lows. Rememeber we are still bearish at this point.
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