Short-term bounce unlikely to exceed SPX 3975 before retest

A bounce looks to be underway, given Tuesday’s prices lifting up to multi-day highs and closing near highs of the session.  While this might seem overdue given the extent of recent weakness, it’s tough to make much of this as being any kind of serious low, and technically I expect resistance to come in Wednesday-Friday at 3850-3975 before prices turn back down for a possible final challenge, and break to new lows into next week.  Treasuries an...

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