nxtlvltrdr
Short

Still farther to fall.

INDEX:SPX   S&P 500 Index
69 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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