SPX is busted on the daily

The SPX did break down as per the warning it gave at the close yesterday.  Now the weekly 20WeekMA becomes key.  If the SPX does not close higher than today’s low by week end, we can see a serious correction down to the 1600 level.  Of course, if the boys in DC make nice, that can change in a flash.

Keep checking in for more market calls.

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