09/28/2015

SPX worsened its long term downtrend today, breaking 2HS2 1905. This level  had nearly tested three times: tagged exactly on 9/1 with low of 1903, nearly tested on 9/4 with low of 1911, and again within a few points on 9/24 at 1908. Today it caved without any attempt at bounce. Next stop YS1 1833.