The reversal off the lows needs to clear 7750-7800 or .786 of the entire corrective wave to setup a W3 move..if it does turn into a W3 we could see 8800-9000..if we find resistance at 7900 again and turn down that would be a double B wave before downward C which is what we DONT want..
[3:12PM] S&P NASDAQ reversing back near the highs..but what we need is this
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