Still half hr to yanks close but it is a given it will be a red week for 90% plus of all yanks indices and many commodities .
If the pattern continues the 3rd week down is often a come back week so quite possible next week will smash or break the lows of the last 2 weeks and then bounce back to a doji ,green or even a small loss for the week . Week three off a high is difficult . March is a pig of a month as mentioned .
Utilities being our guide now which got smashed 3.4% last night at a guess using 3 different methods to measure it could get as low as 542 or 543 before the next major low which guessing will coincide with a dow /spx low and then we look for the next high in dow /spx which could be an ultimate high and a lower top in util .
The above posts are not a definite but it looks about right based on current trends but but but
Cheers g
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