Did not expect a 2% fall today. Works well for the trades. If SPX slices through 2120 (we are at 2125 now), I’d expect a waterfall movement down as all new $ that bought the dip yesterday are trapped and it’ll likely magnify the selling, not to mention that it’s very weak price action. I’d then expect new lows probably targeting 2040\/2050 area. I’d think that, less any black swan event, that it’d hold there and we’d bounce into the rest of the year. Just my 2c<\/p>\n
More to come..<\/p>\n","protected":false},"excerpt":{"rendered":"