Stock Market Breakdown

SPX has declined beneath its trendline and made a 47-66% retracement of its initial decline. It appears that it is now entering a third wave at a sub-minute or Micro degree. There is a lot of empty space to Short-term support at 2321.87. We may add a short position here. A further decline beneath its earlier low at 2358.96 gives us further confirmation.
The Market Oracle

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