I think we'll get a low on either Thursday of this week or Monday of next week, ideally 1220-1230 SPX. If the world falls apart or if a #1 seed is beaten by a #16 seed in the NCAA tournament, we could drop as low as 1160 SPX.
From there I'm looking for a 45-60 day ragged bounce to test 1380-1390 SPX. Then a drop into October to new lows.
This scenario is also predicated on Tiger Woods winning every tournament he enters through August. So far it's holding up.
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