A very bad day on Wall Street today with the SPX closing down by $68.24 at the $2643.69 level and down below our red line as well as making a lower low. This just increased the odds of this "C" wave(red C) lower as the preferred count of a larger correction, wave 4.
On the daily chart the price action closed below the upper channel line as well as breaking below the lower Bollinger band. All indicators remain on full sells with the bands starting to widen out.
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