Replies to post #40488 on Options Wonderland

[*~1Best~*]

From long term perspectives, SPX 600 +/- and DOW 6000 +/- are technically sound targets.

Fundamentally, those targets are reasonable.

With recent market volatility swings, SPX 200-300 point move is not a surprise.

[Market Technician]

look at the well-defined
Big M pattern on the very long-term spy. if the middle trough is broken
there's probable potential for another catastrophic drop measured from
peak to trough.

http://thepatternsite.com/bigm.html