SPX continues lower, short term and long term view
All in the video. The market is ripe for a much larger down move now that the chop is over. I believe the target will be 4200-4100 and it could come quickly (by November). I take a look at the larger pattern and compare it a bit to the dot.com (2000) and financial market meltdown (2008) which also looks like an ABC correction.
Not
solid close under the 18ma, needs to reject at that level sunday or monday to continue the trend. Technical bias as of now is down.
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