the_sunship

SPX continues lower, short term and long term view

Short
the_sunship Updated   
SP:SPX   S&P 500 Index
All in the video. The market is ripe for a much larger down move now that the chop is over. I believe the target will be 4200-4100 and it could come quickly (by November). I take a look at the larger pattern and compare it a bit to the dot.com (2000) and financial market meltdown (2008) which also looks like an ABC correction.
Comment:
solid close under the 18ma, needs to reject at that level sunday or monday to continue the trend. Technical bias as of now is down.

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