I think we get a quick hard drop to around $188ish. Then I think we head back north. I won't say that if we get serious momentum to the downside that we can't go lower. There are a lot of macro events that could cause a serious drop but I don't think we get that now. Honestly, I think this market should be trading at $170-$175 at the highest but since everything else is in the sh*tter and there is no place to get any returns they will continue to put money into US equities. I would really like to see it test $180 again and bounce from there with a rally into Christmas to test $200 but I don't know if we get that. I could see us staying in the $185-$195 channel into the new year.
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