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Several days after our article "Yes, The Crash Is Coming", the S&P 500/SPX (SP500), Nasdaq, and stocks in general have gone through some notable corrections. Sky-high valuations, overextended technicals, and other factors finally caught up with the market. So far, it has been a mini-crash, but with potential to turn into a bigger one going forward.
Now, could this be just a 2-3 day event?
SPX
Source: StockCharts.com
SPX pulled back swiftly to around the 3,350 before bouncing back to roughly 3,427. So far SPX has melted down