Here is an interesting pattern that could be forming. The market is making 13 point measured moves on the SPY. The first down move from 80 ended about 13 points down, making the A move, the market then reversed and went up 13 points to 80 making the B move, are we going to go back down to 68-67 to complete the ABC move? Or another possible pattern is a bear flag? Both patterns would take us back to the lows.
