Looking at the historical charts for $SPX, it has broken down, major support areas, with possible Wave 3 or C target 2078-2083 on $ES_F .
A weekly SPX close below 2099 should signal a Bull Breakout failure and the onset of a BearTrend well into 2017..Will this happen I do not know but the technical setup is there
$ES_F Weekly Chart
$ES_F Daily Chart
$ES_F 15 Minute Chart for a trade with good Risk Reward possible target 2083 , unless high get taken out
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Thanks
-IKE
