MDA - Market Direction Analysis

[LG]

SPX <----- The 84.1% retrace level provided only a little influence receiving just a minimal amount of price action congestion. Per my previous post "the SPX may test its Oct 2002 low", that "may" is now in progress.

Per my optimised indicators, my multiple time frame indicators (weekly through 5-min) are in or near oversold. Only the daily is lagging, however it is close. When they all line up, they are rarely wrong. I would expect if not today, then at the latest tomorrow at a minimum an intra-day to short-term low.

Regards,
LG

PS: I don't expect the COMPX to test its Oct 2002 lows with this retrace.