Another bad day for the SPX as we hit $2553.80 in intraday trading before bouncing higher to close at the $2581.88 level, down by $58.99. Today's move does put the triangle in jeopardy as we did get close to making a lower low which would invalidate this count.
We did pierce the lower Bollinger band during intraday trading but managed to close back inside the bands. The 20 day MA continues to trend lower.
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