A very decisive month ahead as could be an inflection month for a year end rally
Komentar:
3350/3400 level is the non recessionary trend support. The multiyear trend support has only been broken in recessions
Komentar:
3350 would represent 30 pct decline from peak similar to 2001 while 3233 will represent 38 pct retrace 2009/2021 and also prelection 2020 low. US mid term elections on Nov 8, so I would fully expect these levels to be tested in later Oct
