Macro big picture - we will drop to 3500
.... and likely retest the broadening wedge "megaphone" pattern the S&P has been drawing for quite some time now.
In other words, S&P 500 will continue to drop, and drop pretty hard, but likely not as hard as many doomsayers are thinking. 3500 is my point to start averaging back in pretty heavily. We are not there yet.
In other words, S&P 500 will continue to drop, and drop pretty hard, but likely not as hard as many doomsayers are thinking. 3500 is my point to start averaging back in pretty heavily. We are not there yet.
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