Is it Safe?

INITIAL POST:  9:20 AM

Between bank downgrades, the ADP report and a raft of bearish analogs floating around out there, it’s a tough day to buy the dip.  But, that’s exactly what the charts, particularly a rather bullish analog, are telling us to do.

Look for the eminis to potentially tag the white .786 at 1782.63 and for SPX to bottom out at current levels (1785.91.)

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