Option Investor
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Watching price action since this morning's low is not providing much in the way of clues. I can see the possibility for another leg up in the bounce in which case I'd watch SPX 829-830 as Fib resistance (two equal legs up and 62% retracement of this morning's drop). Much above 830 could see yesterday afternoon's high (837.37) attacked. Otherwise a drop below this morning's low would obviously be bearish in which case 810 would be the next support level. NDX is closer to this morning's low so watch it for clues for a possible breakdown. So far, other than the sharp decline, it's been a choppy mess.

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