Once again we have reached a do or die level on the SPX500. As I said recently, when the markets move this fast it is sometimes difficult to differentiate impulsive and corrective moves. Corrective moves usually take longer and are more complex with zigzag internal waves. So... is this one more correction that will lead to yet another high? If that bottom trendline holds it's a good possibility. An ending diagonal is still in the cards. But a break of course all but ends that possibility.
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