Possible Supports for this Bear Market, SP500.
Using principles developed by W.D. Gann, I've projected into the future possible support levels for a bear market in SP500. First support level is at 3500, Second support level at 3055. SP500 is at 3991, say 4000 in round numbers.
So, SP500 could fall another 500 points or 12.5% before we reach the first major level of support.
For the XJO:
XJO might fall about -15% from its current level to its first major support level at 6015. It is currently at 7120.
