Option Investor
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If SPX manages to make it up to 870 for two equal legs up off Tuesday's low it would also be good for another retest of its broken uptrend line from March 30th. From there we would still be due a stronger pullback so the larger pattern continues to support the idea that a decline is coming but obviously the bounce has morphed into a larger one. Below 850 would be more immediately bearish and 870 would be a bearish setup.

SPX 60-min chart:
[Image 1]

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