All falls started in July and ended in the 1st week of October, all falls were 20-22% from the highs which puts us at 1700 by October 5-8….
Check the small Rectangle on the chart for these moves...
1990 – July 16 to Oct 8 – 20% fall
1998 - July 20 to Oct 5 – 22% fall
2011 – July 25 to Oct 3 – 22% fall
2015, July 24 to ____ - a 20% fall from 2134 = 1707, this is the 200dma and the 38.2% fibo retrace….
I will hedge portfolio on any move higher...waiting for Thursday numbers in the US, if good just use that to hedge your portfolio
on the small circle many times the spx is crossing its 55d MA, spx is testing/crossing its 200d...
Worth looking even if this chart is not the best you saw