![](http://photos1.blogger.com/blogger/3426/1040/400/080405%20S%26P%20boxes.jpg)
The updated hourly chart above is a follow up to the post you can find here.
The last reaction low in the S&P was 5.20 points higher than the low that preceeded it so I am guessing that this morning reaction will also end 5.20 points above the last low. So we should be heading up from here.
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