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Thanks Sprout for your opinion, always welcome. As of now price is heading into 2691-2692 resistance price level. By the looks of it price is trying to push to higher levels, I do not know how far up, I need to wait for more price action. The downtrend is still in place so I think we should...

I think of this as a retracement inside this downtrend. The trick here is to spot the price range where the price slowly stop going up, fades away and resumes the move downward.

Market price came back up and hit my stop. Downtrend still in place, waiting for more action for price discovery.

Waiting for more weakness inside blue circle....

S&P 500 Price Forecast – S&P 500 bounces to kick off the week The S&P 500 bounced a bit to kick off the week on Monday, reaching towards the 2700 level. However, it does look as if it is struggling a bit, and I think at this point we are probably going to see selling pressure come in at that...

Now it is time to take a look at the extended section in order to find out clues about what the marker could do next...

The S&P 500 closed in correction territory. Last night during the extended section things looked like market wanted to drop even more and it did. There were a lot of shorting opportunities. Now the downtrend is still in place. Let´s look where where we can play again.

Market sold off brutally as expected, this was a huge sell off today.

As of now, the indecision during the extended section sent price upwards, it hit my stop. Now let´s wait to see how price structure develops before taking action.

I detected some weakness (indecision) during the extended section as of now, watch out this closely, it might lead to more downward movement during the regular section....

The Wall Street analyst who called this stock-market rout sees another nasty drop for the S&P 500. Wilson predicts that the S&P 500 may fall to 2,450 or 2,500 in the coming weeks There is more pain in the pain trade ahead. That is according to Michael Wilson, Morgan Stanley’s chief U.S. equity...

S&P 500 Weekly Price Forecast – stock markets crash again this week The S&P 500 market broke down significantly during the week, slicing through the vital 2700 level, which is the 61.8% Fibonacci retracement level. This is a very negative turn of events I think quite frankly at this point we...

It is important to pay close attention to the extended section tomorrow evening. It might send clues about future price movement on Monday.

Good shorting opportunities since the downtrend warning given by market price action.

Bears won the battle, weakness at the end of the day shown the way. Downtrend is in place.

Extended section pushing prices lower until now, let´s see if this downward movement continues in the regular section.

This is my expectation based on this price action, more weakness ahead...???

Thank you murray for your opinion. New ideas are always welcome.

Violent weakness appeared near the close, watch out during the extended section, there might be new shorting opportunities. Pay close attention to price action.