Market TAO Thursday

One More Day ...Ground Hog Thursday....The Rectangle Pattern is still in play.

Price was rejected today at upper resistance and sold off in the first hour then paused for the remainder of the day until the last 30 min's then totally Tanked down to the 50% fib!

I expect price to retrace back to the upside at the open at least 50 % of today's range SPX 1105 up to 1110 area then sell off again into the close. A good target would be the 1070-75 area with an unfilled gap..