The market has been falling for 5 of the last 7 days. Today we have the first high of the day that is higher than the previous day. This is a potential sign of a reversal. The markets should seek to move higher over the next couple of days into the SPX $2877 price level, but be careful, we may pull back to the $2820 price level to form a double bottom on the 60 minute time-frame first.

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