Yesterday, SPX tagged our next downside target [added on May 29] and even put in the overshoot we discussed.
From Friday’s post Bad Good News:
Assuming (as we do) that USDJPY runs out of steam at 125.72 and CL bounces back at 57.09 or so and TNX tops out at 24.38, SPX should have little trouble tagging our next downside target at 2082ish, with an overshoot a distinct possibility.
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