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Wednesday Night: Editor's Note

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Play Editor's Note:
The S&P 500 index is down four out of the last six sessions yet it looks like the market has been falling almost straight down since the bounces have been so meager. Yes, the trend is definitely down given today's break below support. Yet I do not want to chase this decline and get stopped out on an oversold bounce. The plan now needs to be a wait-and-see approach to where will the oversold bounce fail and then open new bearish plays.

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