MBO Issue 82 Special Update 2: S&P Getting Close to the Target

By Lawrence

MarketBiasObserver Special Update

Since the call for a swing short Emini S&P has dropped well more than 200 points already.

Are we there yet? No. But getting very close.

I am not one of those perma bears who think that the stock market has to go down to nothing. At least not yet because we do not have all the necessary ingredients to make that happen. For now, we should focus on managing the trade.

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Comments
  • smilingsynic October 31, 2018 at 5:08 pm

    I have 2562 SPX as support. JMHO.

    • Lawrence November 5, 2018 at 7:22 pm

      That will depend on a continuation move going lower.

      We’ll find out soon, probably after election.

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