S&P falling in a accelerated phase

S&P
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The S&P was declining in a accelerated phase as compared with the recent stocks rally .The deeper correction has started on September 03 And the index value fall below the .50 Fibonacci retracement And even felled below the 0.618 Fibonacci retracement

The series of Higher high , Lower low , Lower high and Lower low pattern was forming in a downward parallel channel

The index value also falls below the 03 Moving averages and the potential target would be around 3100.00

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