Toni Hansen anticipates seeing more upside, though she is concerned by the slower upside intraday compared to the prior declines, but the more gradual pullback Wednesday morning in the S&P 500 and Nasdaq attempted to ease that.
Although the intraday charts are very extended to the downside, the daily charts of both the S&P 500 and Dow are both now more likely to test the 50-day simple moving average support and break the 20-day simple moving average support more solidly.
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