SP500 - Weekly
As we witnessed a strong bearish finish of last week, I'm expecting a final pop down to monthly support at Fib 50% of from the 2009 rally. We might see a slower drop than for the previous two weeks as many indicators are at extreme levels yet without any bullish divergence.
Daily movements may be volatile with high spikes up and lower drops as in a bear market.
Daily movements may be volatile with high spikes up and lower drops as in a bear market.
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