Stocks have retraced from highs at 4632 as we anticipated, seeking support at lower levels, namely 4521. We have equilibrated a bit after testing this low, and appear to be gearing up for another bull run. We appear to be seeing the beginnings of a pivot, but if we can't muster the strength to continue it, we may test lower levels. In particular, 4440 stands out as a strong support level. we must break 4632 before attempting higher levels.
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