S+P 500 is in a "Death Spiral."
an extremely rare market event.
Any Support inside the "Descending Wedge,"
is being broken like a knife through hot butter.
The velocity of the move down with the VIX at 40, is staggering.
Major Intermediate Term Support for the S+P 500
is found at the March 2019 Low of 2722.27
Should 2722.27 fail to hold this market up
then it is not entirely out of the realm of possible
that this "death spiral "could ultimately reach the Dec.2018 Low of 2346.48
Markets could reachS+P 500 Futures program trading limits of 7%,10%, and 20 %,
locking buyers into a "Limit Down" situation, without any immediate way out.
A market crash, although not expected,
cannot be statistically ruled out.
THE_UNWIND
2/28/20
NEW YORK
I
an extremely rare market event.
Any Support inside the "Descending Wedge,"
is being broken like a knife through hot butter.
The velocity of the move down with the VIX at 40, is staggering.
Major Intermediate Term Support for the S+P 500
is found at the March 2019 Low of 2722.27
Should 2722.27 fail to hold this market up
then it is not entirely out of the realm of possible
that this "death spiral "could ultimately reach the Dec.2018 Low of 2346.48
Markets could reachS+P 500 Futures program trading limits of 7%,10%, and 20 %,
locking buyers into a "Limit Down" situation, without any immediate way out.
A market crash, although not expected,
cannot be statistically ruled out.
THE_UNWIND
2/28/20
NEW YORK
I