Special Update – SPX Down 34 Points

Quick update, we saw a little bit of a relief rally at the beginning of the week. As we expected the Greek news was priced in. However, the crash in China has now become the main story.
As a result the S&P got slammed today but I think we are near a short term bottom. My best bounce model has triggered so look for a short term bounce in the next day or two. A gap down tomorrow could be a decent buy.
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