Intraweek update postFrom the weekend newsletter:
We are now at 4404 SPX. July lows were 4389. As long as that holds the uptrend is in tact and we are due a bounce.If bulls were to come in, it’s now. Watch this line, if it breaks (new low taken out) then we can see another 200pt sell.
In summary> 4389 = possible revisit of 4600< 4389 = uptrend is invalidated, new trend here of short the rips and target 4232 and possibly 4124.