Stage 4 Decline Looking LIkely

Since we failed to take out the recent 2150 highs during the last rally a Stage Four Decline looks possible. Historically this would lead to a deeper retracement than stages 1-3 possibly to the 1730 area.
S&P 500 E-Mini FuturesES2!SPX (S&P 500 Index)SPDR S&P 500 ETF (SPY)

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