S&P-500 - is megaphone indeed playing out?

٢١ سبتمبر ٢٠٢٠

SPX went below February highs and broke down key support levels.

If megaphone is indeed playing out, we are just at the very beginning of the move down.

"Buying the dip" might lead to some very negative surprises at the moment, so extra caution is required.