$S&P 500(.SPX.US)Everyone fasten your seat belts. The mid-January pullback support level mentioned last month has fully developed. The first support at 6860 has been broken, and now we're looking to see if the second support at 6760-6780 holds. If not, we'll need to patiently wait for 6500. Anyway, after the mid-January fear passes, the market will start breaking through 7030. Then there will be another big drop. That's just how volatile the Year of the Fire Horse is.
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