By: Scott Redler

A close below 1179-1182 in the S&P will officially put this market back in a correction. The warning signs have been out there, and headline risk is higher than it has been in more than a year.

Here are two S&P charts with important levels defined.

From April 27

Today

Always need to be ready to move. We’ve been trying to get everyone ready for his over last week or so.

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