SPX might push to new monthly lows into next week, and then bottom

Note: There will be no publication tomorrow as the markets will be closed in observance of President Carter's day of mourning.

SPX is still technically within its bearish short-term consolidation pattern that began nearly five weeks ago, and the last couple of days have produced even more short-term bearish pressure, which could allow for a quick move to briefly undercut January lows. Overall, my thesis is that a short-term low...

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