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FWIW....just an observation but price action looks a lot like December 2011 so far. Back in December 2011, you had a waterfall sell-off down to 1563, and then a very sharp reflexive rebound to 1640 and then a move to new lows at 1523.9 which was in fact THE LOW.

So far, since the downside break of triangle, you had the waterfall sell-off down to 1554, and a sharp 4-day reflexive rebound up to 1620, and then the big down day here which I think is the start of the next downmove to test those old lows. They don't run the market for me but I'd be more comfortable to see those levels tested and probed and hold.

Right now, no position as this is way too sloppy action to do anything IMO, but I've got a standing limit order to buy at 1528. At that price, I'll know pretty quick if any long entry is wrong.
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