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Technically Broken

Technically Broken

E-Mini S&P 500 CME_MINI:ESU2015

The market is technically broken. Today's sell off on volume did some much needed damage. It was good to see this. The market needs a pullback. We don't think we are done to the downside. However we are expecting a bounce at these levels. We will watch it closely Friday. WE WILL NOT establish any positions on Friday on the Indexes. We will wait for Monday. Keep on your watch list.