CHARTS_CCI_SYSTEM

[RCKS]

northam
If this accelerates down the remainder of today, I think we have a shot at remaining below the Weekly uptrendline 1625 (spx) and continuing down next week. My target to end this drop is the mid 1500's.
From there we should start back up before the FOMC mtng on 6/18-19. I think Fed speak will have a huge bearing on what happens with the market at that point, if tapering is near as expressed in Fed speak, I believe the correction will recommence and I would target the mid 1400's.