Do we see some relief into October? Or, do we lose the 38.2% fib retracement level and fall outside of the ascending channel to test mid-range between 3622 and 3318 to see if we find support?
Fundamentally, Macro seems bad, but forward looking, DXY rolling over, Oil already rolled over... It's possible a relief rally follows before another sell off EOY.
Similar charts with Nasdaq and DJI