Option Investor
Update
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While we might not get a gap n crap from the open there is the possibility that most of the move up today happened pre-market. The wave count for the move up from Monday can be considered a corrective count if it fails to make it much higher (which for SPX would be a double top against last week's high at 833). Some internal Fib projections for this week's rally line up at 831-833 if the corrective count is correct, shown on the 10-min chart below. So be careful chasing this higher this morning as it might not hold.

SPX 10-min chart:
[Image 1]

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