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The markets resumed their downward push yesterday, with the SPY approaching it’s 50 day moving average for the first time since November. Early action has the markets opening green, but we’ll watch yesterday’s lows (404.79 in the SPY and 316.00 in the Qs) for further confirmation to the downside. If today’s green price action holds throughout the day, we can begin to cautiously plan out a “base & bounce” watchlist heading into next week.