Option Investor
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Mid-day update: a 38% retracement of yesterday's decline for SPX is at 845.47. The 845 level has been an important pivot level in the past several months so watch to see how price behaves around that area. The retracement will have met what I consider the minimum for price and time so the risk is rising for a reversal back down. But a pullback and then another leg up to create a larger A-B-C bounce is clearly possible yet.

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