S&P 500 Index
Short
Updated

June 2020 month close under 161 fib.

384
First time this has happened in 14 yrs. 2008 break was the last one.

Post doe record keeping / later review.


Other like posts:

SPX at 423 extension of 2000/2008


-
SPX retesting the 161 of March 2020 after a break


We have now filled multiple charting conditions that were not seen in any of the previous bear scares.

As per the fibs, it's official different this time.

Drop taking us 50% off the high is the forecast of these signals.
News based 50% drop in SPX



Note
Historically when there's been a breaking of the 161 the following capitulation drop has been accompanied by news. Sometimes widely unexpected news. Other times more typical news. But often news driven move.

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