after reviewing my spx charts last night for the first time in ages....imo, approx 917 is key level of support and this was respected last night.
the gap up on the vix may need to be filled before the market continues to the downside. dunno - need to see how the spx reacts at support in the short term.
however, over the intermediate term - the daily and the weekly suggest that there's more downside to come. at this stage, i have no targets - but my stuff suggests that july and august may be interesting.
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