Broken 200 MA without a blink of an eye. If SPX continues downward, my next target would be in the 1970 to 1940 level. These level would fall inline with a wave-2 forecast. Keep in mind that the wave 3 still exist with the impulsive move indicating that it is still very much in control.
SEN: Bullish (Down Trending)
ST: DOWN
PA: DOWN
R: NA
Note: Any volatile move upwards will cause signals to lag, but a strong push back above the 2020 level would suggest we are at least at a temporary support zone. Possibly an opportunity if ST stays down that we could get a Reset signal that favour the downside.
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