In another article, I mentioned the fib. retracement level that has been working as support each time the SPX corrects.
We are at similar levels currently.
At the same, we looked at the possibility of additional action based on the above-mentioned support always holding before.
Now, when we look at the , another signal is on.
Each time the SPX retrace was followed by action the was above the zero line, but when the went below zero (Feb.) a strong drop followed.
Right now we have the below zero and breaking support after support...
We are likely to experience a strong correction.
The SPX can drop strong if EMA100 breaks.