We had a breach of key SP500 at 1980, so the breach must follow its course.
At this point as the move as been very violent, we probably will have “suckers” rally. The market will have a technical rebound from oversold where it “sucks” in the too eager investors and then make the real bloodbath (maybe after the 17th September, Fed meeting or if A share 3,500 support gets taken out – OPS already done!) to finish its corrective business (1,830 – but if the FED starts hinting to Quantitative Easing 4 could finish up around 1,870-1,920) by early October.
investorpolitico 