johndustinsloan

A frog in boiling water - Tread carefully with the SPX.

Short
TVC:SPX   S&P 500 Index
We are testing the lower trendline of the rising bearish wedge pattern. If we close 1.5 percent below this trendline or below the most recent weekly close, I would expect further selling to continue. This could end up being a healthy correction of 10-15 percent or the beginnings of something larger. Market sentiment may change on a dime. ***Not financial advice.
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