Tuesday could move back down because of the patterns in the Daily cycles(Blue channels)
S&P Weekly and Daily cycles
Tuesday eneded up being a DOWN day, and the way the S&P has broken the Daily lows and is currently trading below the Weekly lows, my view of the S&P 500 remaining in an upward trend is now open to Risk.
Wednesday's price action could end up being a Fake break, as the October 50% level @ 1407.50 continues to support the trend...
but at this stage I wouldn't bet on it...
Daily cycles for tomorrow should provide a better idea.
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