The SP500 is likely to close positive today
This is is better than marking a lower low or an inside day today.
On the other hand, the following link show a chart with Quarterly, Weekly and Monthly candles.
The weekly candle is still down, and the monthly candle does not look strong.
Now the risk-reward ratio has shifted, and we can set a firm stop at the low of this week, aiming for a positive remainder of the month.
The seasonal chart can provide a few more insights.
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