Setting a Target

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As I wrote recently in Next Level to Break, “It’s as simple as this: 2331.75. Break that, and close below it, and the bulls are screwed.”

Well, mission accomplished. So what’s next? Allow me to offer a projection: 2266.25 on the ES before a meaningful bounce.

0414-esww

This lines up nicely with the prospect of another “VIX tag” on my trendline.

0414-vix

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