I have a strange sense when the bottom is about to fall out. It has it's failures and the last 2 times i was sure we drop hard the opposite happened. This time i had more clues. It helped that everything aligned. 410 SPX point range hit as previous 2 waves showed. ONLY a 2 day drop thru this whole up move and when the 2nd one DID NOT go steep down i was pretty certain a cascading event started.
IF we follow the last drop, and frankly not sure we do, we should see a decent rally soon. How soon? Monday (BUT) most likely Thursday depending on each day in between. Tomorrow should be a shoe in for at least 100 SPX point drop further.
Hope we get some sort of after hour rally that carried to open. i will bet yet again for a deep drop. Hope to know more as the day progresses
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