SPX 500: More Panic then Bounce

FX:SPX500   S&P 500 Index
Expecting more panic selling during the 1st few days of next week and the market will really test the low made during last August being around the 182.50 level. The media will ramp up the fear over the weekend. After the panic selling is done, then maybe a big short term bounce afterwards for about 4-5 days.
And after that, a massive Head and Shoulder pattern will form targeting 1700 right?
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