$S&P;500 and NASDAQ COMPOSITE UPDATE

$S&P;500; and NASDAQ;COMPOSITE plunged yesterday post CPI print.
but before that both INDICES tested their magical figures of 5,000 and 16,000 as we discussed on 7th,FEBRUARY.
still we would conservatively call this as an anticipated REVERSAL not a technical REVERSAL.

until INDICES are holding 1st,FEBRUARY LOWS on a closing basis we do not want to consider it as a technical REVERSAL.
19th,FEBRUARY is again a very IMPORTANT CYCLE DATE so things are likely to get more dramatic going forward.
4,840 and 15,150 continues to stay critical PATTERN support.
A lower low below 4,840 and 15,150 would open up ways for JANUARY LOWS.
earlier we also discussed on DXY and 10,Y,YIELDS both have done extremely well.
Going forward we would look for 106 on DXY and 4.55 and 4.89 on 10,YEAR YIELDS.