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Let’s start a pool to see who can pick the date of 7000, 6500, and 6000!
Too bad they might all be this week.
I think this is a "glass is half empty, half full" chart. If you look carefully at the chart, there were many times during the day when the market was headed up!
I think we’re headed for about 4000, but I won’t try to guess when that will happen. We’ve dropped below an important long-term support area, so the market could free fall for a while, and if it tries to rally, I think there will be significant resistance around 7400 that will be tough to break through.