Still farther to fall.

SP:SPX   S&P 500 Index
70 0 1
Market topped at 161.8 extension, broke through monthly channel, and is poised to close below the 20 month EMA . This all suggests that structure support and 38.2 fib support reside around 1580. I anticipate that's where we are headed over the next months. If this support fails to hold, symmetry support is at 1226, well above March 09 lows
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