We would hit support from the two earlier lows in the first week of March. This drop would be particularly dispiriting, for its magnitude, but makes a nice buy into June FOMC.
What would force the hand of the Fed to hike one more time, and force a "Lehman moment" for this cycle?
What if we are now actually in a wave 2 of a much larger diagonal?
|SPX daily diagonal to 1810|