SPY - sell the bounce
The weekly 18ma target is around 433, I think we get there by Friday. I expect another gap down and panic selling tomorrow. Once we reach the weekly 18ma a bounce is expected but I don't expect higher highs at this point. I think a C wave (like the IWM chart below) is now upon us.
註釋
註釋
the bounce may start here - earlier than I expected, it should be pretty weak except on Tech. 註釋
QQQ now at support as well 註釋
IWM at 18ma weekly, this general area should find support although they may panic sell into the close. 註釋
looks like a bounce has started. i think it will be shallow but it could meander into late august 註釋
IWM outperforming. Even if there is one more low I think the bounce comes next week. Similar head and shoulders pattern forming here. 
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