There is a reversal day in the making. 848-852 area was a tought cracker to break.
As I am writing this, the S&P 500 is already in red territory. Next area of any meaningful support is ~830. One of the strongest evidences is a clear break below 844 and that supporting trendline didn’t hold.
From that on – 810-800. If it doesn’t hold, then 780 – here we go!
780 is also a 70 point move from 850, as was 810 from 880.
