The market has stalled just above the 50% correction of the last down wave. Bullish traders will be looking for support near 850; however, the 50% correction of the 50% correction is near 837. Support at 850 would be more bullish, especially since this is close to the Christmas pivot low of 852.75.
24 Hr Globex Pivot: 861.75
Day Session Pivot: 867.50
Largest Distance From Open 10-Day Avg: 22.53
Largest Distance Standard Deviation: 8.34
Smallest Distance From Open 10-Day Avg: 6.45
Smallest Distance Standard Deviation: 5
Charles
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