Option Investor
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A bounce into the close, if it achieves two equal legs up from this morning's lows by tagging NDX 1338 and SPX 858, will also achieve 62% retracements for each and be a test of the broken uptrend line from March and the bottom of the rising wedge, for NDX and SPX respectively. It would be a good setup for a short play, whether it sets up into the close or first thing tomorrow morning.

NDX 60-min chart:
[Image 1]

SPX 60-min chart:
[Image 2]

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