Yep I'm thinking shakeout too, I have 1116 as approx support on the s&p500 so if we get a close well below that it could be a worry. Wouldn't be suprised to see the price taken down through it on open and settle just above it on the close though.
Market needs a pullback to go higher so a couple of days down/sideways won't hurt if that's what it takes.
cheers!
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