After this Aug 19 date, I believe the US stock market (and global markets) will likely fall 15 to 20%+ setting up a bottom near the end of 2019 or into early 2020. This move is very unexpected by the global traders. Recent psychological levels ($300 SPY , $3000 ES) have already been hit. I believe these levels were critical to the setup for this next leg lower.
I believe skilled technical traders only have about 30 days to prepare for this move and I believe the move lower will initiate in late August or early September.
I urge all skilled technical traders to plan and prepare for this move.
I just posted an article about the risks to the market and how Q2 and Q3 global earnings/economic are expected to be substantially weaker than the past 24 months. If the Fed does act to lower rates, this could be another issue for the market to contend with in a devaluing process.
I like your Sept 3 call, but I'll stick with my Aug 19 date for now. The reality is that anytime between Aug 15 and early Sept is a very likely date for a breakdown move. Want to know when it will end and what to expect over the next 3+ years?? I already know what should happen based on my predictive modeling and super cycle research.
If it rolls over this week then we get confirmation of ATH intraday Monday. Miht well get 'buy rumor sell news' on Fed decision date 31 July. Patience.