Incredibly, the precision on how the S&P futures hit the lower extension and rebounded can give us some reassurance that patterns do exists within trading vehicles. We modern day Shamans and Oracles can achieve better on odds of prognostication than rolling bones on the floor or pulling the guts from dead animals. I wanted to publish this chart for two reasons; the ferocity of the blast past the midpoint extension is as noteworthy as it is troubling (keep that in mind), and the selloff is going to prove to be the start of something much worse if support doesn't hold.
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