Dec07spx2

This is an important FLASH alert update on the S&P 500…this is a look at the perceived W2 and it’s important support levels.

Support Level #1: Previous 4 support sits at 2070, right where S&P 500 is at this moment…W2’s typically retrace to this level and hold support there, but we’re on it right now…we need a 382 W4 immediately here to 2076 min to prevent any further damage on this parablic drop.

Support Level #2:  S&P .618 fibonacci support level, the standard Wave 2 retracement sits at 2063..if this level doesn’t hold there’s a chance that Friday’s rally completely evaporates down to 2019…so if you’re listening, do something about it!