Bear Week!All of my chart and cycle work looks very bearish late this week Thursday Oct 13th to Monday Oct 17th. The bear flag is broken and backtested on Friday. Very bearish technical setup for S&P this week.
It should be relatively quiet and choppy early in the week. Late in the week is where the action is going to be. S&P 1044 area is the target zone by Oct 17th.
Fundamentally, the timing is interesting because of European meetings at that time. Greek BK?.....
"EU leaders will meet in Brussels on October 17-18 to discuss revising a July 21 deal to provide Greece with a second rescue package. They may ask investors to accept losses on their holdings of Greek debt even larger than the 21 percent write-down set out in the July deal."
Quoted from:
https://www.cnbc.com/id/44827913
I show the S&P chart with timing and price target on the site:
https://cyclicalmarketanalysis.blogspot.com/