After confirming the tops yesterday, SPX, NDX and DJIA expectedly moved lower today and formed standard bearish continuation candles on an increasing volume and with support by indicators. All as forecasted yesterday.
What is next? The bearish odds are very high, expect a move downwards to continue. How far? There are a few options.
I mentioned a few days ago that SPX/ES extended 2.618 off the September low and I viewed this level as a possible pullback zone. The prediction fully materialized.
Currently I am tracking 3 paths, details and charts are Premium Content.
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Of course, as the bullish odds are never zero, there is a chance of continued rally. The indices would need to close with very bullish candles tomorrow. Though, the bullish odds are very slim.
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