It looks like two scenarios are forming:
1. 1424 target and then news for a correction
2. still consolidate in this range then a move up to a higher high maybe a 1.61 projection to 1492
I think the 1458 retrace is more likely, at which time this is the reaction high from 1252 and then a full capitulation of the bull and a move to 1108.
Also I can see this consolidating and then slight moves up until the elections. Next Feb would then kick off our next bear session.....
We shall see.
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