A second leg down will take SPY down to 96 area or QQQQ to 41.5 area.
It might or might not go straight down from here. It is either have heaving selling to SPY at 96 or it could be choppy along the way.
If GOOG break 465 level, a second leg down will happened.
If GS break 130 level, a second leg down will happened.
If X break 40 level, a second leg down will happened.
If AMZN break 115 level, a second leg down will happened.
You got the idea.
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tough market to call. gotta watch if we break the recent highs/lows. just kind of spinning around in the middle...
ReplyDeletedalyb
Still a bear over here.
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