S&P 500Short
More pain ahead for stocks
In my view, stocks are priming for their next leg down.
This one sends the SP500 to retest the recent lows. Maybe not immediately, but eventually I expect to see the price tough sub 2000 down to 1828.
If 1828 is the bottom, this would represent a 50% retracement and where I would enter the market.
However, don't use all your powder because 1459 and sub 1000 are also possible.
Less probable though.
This one sends the SP500 to retest the recent lows. Maybe not immediately, but eventually I expect to see the price tough sub 2000 down to 1828.
If 1828 is the bottom, this would represent a 50% retracement and where I would enter the market.
However, don't use all your powder because 1459 and sub 1000 are also possible.
Less probable though.
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