$SPX - Are we ready for more than 10% correction?
Conclusion : We need second failure to breach 1250 and failure to hold 1050 for $SPX before we can confirm the next move is a more than a 10% correction/adjustment.
$SPX upslope is weaker, but it is still in cyclical uptrend.
Pros are getting more bearish but it is not enough to predict a major downturn like March 2008
Me !
[…] Cup Final between Spain and Netherlands, mode of global investors may be spoilt by possibly next more than 10% correction. Main reason for the short term bearishness is weak rebound in lower volume. The risk of major […]