This CMC SPX (24 hr)chart is interesting in its neat fit to a Fib grid.
Suggests a completed move but like any market can move lower and make new realignments.
I did sugggest 25th or 26 could be nasty but if it is or isn't then it implies a bounce.
Nasty just means a capitulation and implies a better chance of a sustained bounce that a gentle turn perhaps.
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