S&P500 plunge may presage downtrend

FX:SPX500   S&P 500 Index
20 0 1
First day of October and already the Markets are plunging. However, it is not yet conclusive that this is any more than a down-swing within the range of the present uptrend. The Support Line I have drawn links the graph bottoms for the last year. The graph will either bounce off the line, indicating that the uptrend will continue for the present, or break through the line, signalling the beginning of a great sell-off. If not now, undoubtedly the sell-off will take place later this month.
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