Ever since we got the bearish cross on SPX in August 2015, PA did make a new ATH but hasn't made a bullish cross! This overthrow is even more bearishimo .
The roadmap obviously shows a correction is underway for at least 50% drop if not more, but let's be conservative and estimate a drop to 2007 peak at 1576, that makes 28.17%.
We'll see what happens there. Cheers