Dow down almost 400 points. Most every stock market was down overnight. A very broad-based sell-off.
This could be it. The real bear market? Time will tell.
Yep. The real bear market starts at the end of wave 5, but is fully felt the most in wave C. Just like uptrends begin at the end of wave C but feel more like uptrends in waves 3-5.
Whenever it drops solidly below 2800, it should pick up steam to the downside.
Wow. It's really happening. Glad you are monitoring things. Happy to have mostly cash position to buy when you think the time and price is fair.
Below 2800 (besides being a psychological number and support) would cause all buy-and-holders in the last 3 months in the S&P 500 to be under water again and they'd be very quick to hit the sell button.