MarkLangley

S&P at that crossroad again of 4200

Corto
CME_MINI:ES1!   Futuros E-Mini S&P 500
I have spoken about the Vix index and the range we have been in for the past 204 days of 3800/4200 and we are again at that level with Vix below 20 and the S&P nearing 4200. For me, we are trying to complete the correction of the first impulse lower (4808.25 -3504.00), there is a possibility we drive to 4302 (the 61.8% fib retracement ) if we break 4200, but I think that would be short-lived and then we can continue lower to retest the lows and beyond.

Mark Langley
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