I can see the hate mail now, but let's look at empirical evidence rather than emotional hypotheses.
I marked several indicators that confirm this reiteration of a decline that cold probe the 1510 level, the last untested breakout from the post-crisis era. Don't misconstrue me, I'm not not say thta's about to happen overnight, but if we are indeed entering a bear market, which it appears we are, that's the level we must hold and there should be massive support there.
Before we get there, look for 2280 on SPX.
I marked several indicators that confirm this reiteration of a decline that cold probe the 1510 level, the last untested breakout from the post-crisis era. Don't misconstrue me, I'm not not say thta's about to happen overnight, but if we are indeed entering a bear market, which it appears we are, that's the level we must hold and there should be massive support there.
Before we get there, look for 2280 on SPX.