$SPY.US$ For anyone who hasn't been following, the market is...

$SPY.US$ For anyone who hasn't been following, the market is very close to the 50% retracement from the initial selloff on 08-01-24 when it broke below the lower support line of the massive rising wedge pattern, which also has confluence with the base line of the Ichimoku Cloud on the 4-hour time frame. That level is ~531. After a strong impulsive move down based off of a PATTERN, the 50% retracement is often where the pattern continues its move.
Best of luck, and God bless!