In August, in fact the week ended 8/21/2015, the market made a significant turn. The weekly indicators (moving averages, linear regression curves) turned bearish for the first time since 7/2011.
The Dow downside targets are 14,500-13,700 or as low as 11,000
S&P downside target 1560-1400
The SPY is the ETF that tracks the S&P and here is a chart with a suggested range for escaping or shorting.
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Author: Geoff
Quick rundown: Grew up in Lombard, Illinois, went to Arizona State University, worked as a CPA with Arthur Andersen & Co, then Laventhal and Horwath, then Rolling Stones, then Heron International, then Goodby Berlin and Silverstein in San Francisco. Moved to the foothills in 1990 and traded futures and designed websites. Married to Kate Stewart, now living in Colfax, CA. We have six grandchildren. I enjoy camping in our RV, hiking, kayaking, fishing, droning and cross country skiing Also conga drumming, photography and dogs.
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