02/25
As mentioned in previous 02/20 notes that S&P gave us clear reversal signal. Yesterday breakdown became reality. This gap-down breakdown is severe because it could be turning point of the decade long bulls into bears. Today’s follow-through is another confirmation that rebound is not there. Much stronger sell-offs are coming. Next support is 2830.
![](https://marketfellow.com/wp-content/uploads/2020/02/sp500_0225.png)
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