This is a daily price bar chart of the S&P 500. It is presented to illustrate just how close the stock market is to falling off a cliff. Price can hang around the lower red rising trend channel line up from the Jun low for another few hours, or even another few days, but looming just below current price levels is Wave iii of 3. Minimum expectation is the mid-3000's. Holding all shorts here and if you feel compelled to do something, add some CAT puts described in the Premium Alert sent out late yesterday.
