9 Sep 2020 ● 05:40 AM
The S&P index is almost back to the lower Bollinger band with a little room lower near 3295 to touch it. Wave 4 of 3 down may end near this level. Needs to be watched for another day. Sharp pullbacks have become a thing of the new volatilty regime so we cannot call each sell off the crash is starting with confidence. Wave 2 was also a steep pullback to the lower end of the range.