FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

***S&P 500 & BROADER MARKETS...

More comments on the situation here and looking ahead>>>

I wouldn't be surprised to see a nice down day tomorrow, and the weekends usually act as a stop-loss plug for the markets, and the day before the Fed meetings are most usually dull, so barring any significant market-moving news... i.e. a significant criminal indictment in Fitzgerald's case, then I wouldn't be surprised to see the typical dull Monday of perhaps slightly up into the Fed meeting Tuesday... and then Tuesday, a potential death cross leading into a massive downwave for November...

Look at this 3-year chart, markets sitting on a cliff here... another possible scenario would be straight declining right into the Fed meeting underneath the pivotal 333 day SMA which I've mentioned several times for the S&P 500, and then the Federal Reserve decision allowing the markets to snap back and retest the 333 day "BREAK"???

Either way, we are so damn close to CONFIRMING the new bear market, that I can taste & feel it... this really looks like "THE ONE"...

A retest of the 200 WEEKLY average appears imminent, it's currently at 1066.72... that's 112 points to the downside for the S&P 500 but it would of course need to break the 333 WEEKLY average first off...