Yersterday's major sell signal from the mechanical major top and bottom system gave a good warning. Market had big drop today. Yersterday, I mentioned Nasdaq's 1st downside target is 2050, but I didn't expect Nasadq would head so fast to the 2050. At close today, Nasadq droppd 56 pts and is only 6 points away from major support 2050.$SPX broken its intermediate uptrend line today. Now, the intermediate trend of Nasadq, NDX and $SPX are all down. For $SPX, the 1st downside target is 1020 - 1030, which I expect to provide some temperary support.
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