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ES came within 2.75 of our next downside target yesterday before getting a bounce that lasted most of the day. It was only after the cash market closed that it got another shot at 2871.25. Ultimately, it was saved by the bell.
Thursdays are rarely cycle lows, meaning today could be another day of watching paint dry. And, there is a significant chart pattern that could save stocks from another day like yesterday. We’ll take a look.
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