Market Update for Thursday, September 21st, 2023

Good afternoon, traders. In yesterday’s post, I pointed out that if the bears could continue to push, that we would probably end up at the large head & shoulders neckline, and the bears delivered:

SPX

If the bears can break this down, we probably have a major top in place.

A few additional thoughts:

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Ok, let’s see how much more the bears have in them here. I hope everyone has a lovely evening. I am going to go and have a stiff drink.


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