2pm update - mild bearish hysteria

With a small snap of 5pts, down to sp'1682, some on the bearish side are getting overly hysterical again, about what is a very minor decline. Importantly, the inv. H/S level of 1680 is comfortably holding. Bulls should be content with any close back in the 1690s.


sp'15min

Summary

There is no clear turn/floor yet...but I have to guess 1680 will hold...and this was merely another cruel tease to the bears....before Mr Market snaps to the upside tomorrow - whether on econ-data in early morning..or the later FOMC announcement.
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I have absolutely zero interest in chasing this lower, market still looks okay for at least one major wave higher.

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