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The S&P 500 is downgraded five points to +25 this week as the market delivered its first meaningful pullback since the recovery began near 6,400. Last week’s technical update focused on Potential Average Yield and the question of whether the market would continue expanding or finally enter a period of secondary development. The answer arrived this week as sellers stepped in aggressively, producing the first retracement that cannot be classified as a flag, high base, or momentum consolidation. Those patterns are pauses within momentum. This is a profit-taking pullback, and profit-taking pullbacks require a different framework. Rather than measuring extension, traders must now evaluate retracement depth, identify support zones, and determine what type of confirmation is required before buyers regain control.