2018 has been a year of a very complex correction. The September high wasn't the resumption of a bull market but rather a wave X in an irregular flat correction. The recent drop isn't a major bear market but rather a wave Y pull back in this irregular flat. Next few days/weeks we'll likely see a triangle before the market flushes down to the low 2400s. 
SPX
SPX
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.