I started sharing these analyses for the SPX a month ago, sharing what I see on the chart.
Many times we have signals pointing to a crash but the market usually turns.
This is not happening this time around, notice the dual rejection at EMA50...
Now the MA200 black line isn't holding; a close below it today and the "deal is sealed" for the next drop.
I extracted this target based on EMAs, we are looking at a 10% drop... After this move, we can start to map the next... Now, we have to wait and see if it does PLAY!