Downward we go

2020年9月8日

The Sell-off is here traders. Since history is important, it should be understood that every election year from 1917 to current, there was a sell-off starting 6 weeks before Nov 3. We are currently beginning this cycle. On the chart I have pointed out several Resistance levels as well as the Fib Retracement lines. I believe our first stop to be low 3200ish. Afterwhich, we may see a bounce, then another retreat down to SPX 3000, before elections.

The Bull Market has runs its course as stated in my last post, and we have completed the full Bull Cycle in the 3500s, as I mentioned. Please see my last post for this info.

Bests Everyone,

JP - OUT