Frazier is not done yet
Last chart shows trendlines and SPX is following them like a champ. However, I don't see this continuing right? Nothing on the economic calendar shows continued downside. Should bounce at support and move up slowly UNLESS the jobless claims explode out and take us back down. If that happens, then down we go.
Note
SPX is continuing to follow the trend line down and today it should open near the 3933 support (blue line). Does it bounce off that line or does it fall thru...Note
If it breaks 3933, we will see 3900 as a new resistance (see what I did there)
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