Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
In essentially 2.5 sessions half of the June rally has been wiped out; showing how quickly these gains can disappear when the market is not stable. We are the 50% retrace (obviously) of the 1266 to 1363 move. Any break of the 61.8% retrace (1303) would be a quite poor sign.
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