Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
It appears this move will be resolving to the downside as last week’s lows were just punctured on the S&P 500. Quite a remarkable morning considering futures were up in the 6 AM hour. 1395 is the obvious target from here as it fulfills a series of lows throughout August to early September. (see chart)
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