SPX closing below 1440.15 will confirm that the C-leg down has started. Not a time to be buying dips.
Yeah.. damn it why did he have to talk about...... the economy? This is probably the single best argument the bears have right now... every bull is scared of economy talk. Pretty good argument actually.
Well if the SP500 closes below 1425 watch it go down hard from there! bulls start your engine for your dump trucks.....maybe a big buy the dip opportunity coming soon..... Bears beware the Fed ,he is sneaking up with a rate cut gun... but not until the hurt is felt...so down side is plenty if SP begins leg down. Happy trading to all!