NDX managed a fresh all time high last Wednesday, 72 days from the June low. With the sell off last Friday the probability of that index running a 144 day low to low, rather than low to high, notably improved. Accepting that, any move up here is a short term trade.
SPX has a 23.6% retracement of the rally from February low at 2103. Should be good for a bounce right about there. Short term trade only.
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