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[blustar]

A decent, but failing rally should take us into the Thurs/Fri time frame. It will be a Wave B rally with C coming to the down side. My best guess is Friday will be down hard and they follow through into Tuesday next week to the SPX 1187-90 area. Today is a new moon, so the low here should reverse. It is also the 16 day cycle low too, but I think the overall 16 day cycle low expands to 20 TD's. Upward resistance: around 1251-53 SPX.