Thursday after the close

A bullish day on the SPX today as we closed up $27.54 at the $2666.94 level. We continue in this "E" wave lower in a larger degree 4th wave correction.

We did close back above the 20 day MA today, indicators are now neutral.

Thursday update

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The SPX opened gap up this morning and so far has hit the $2664.29 level, currently we are trading up $19.01 at the $2659.41 level. We continue in this "E" wave lower and we should hit the lower trendline before bouncing higher.