Say Bye to 627

You probably notice by now all of the narrow range NR7/4 in a down trend would break to the downside. The reverse is true for an up trend such as in POT. As mentioned before the moving average at 619-620ish has been keeping the market down so far and it was no different this time. Today, once it broke pivot 618 to the downside, it never looked back. Tomorrow's numbers are 619, 616 and 611. Expect a bounce to 616ish and fails. The near term target will be around 608, at least a retest of the previous low, then onwards to 600 or SPX 1300ish.

2c