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SPX Sells off as the Correction in Stocks Spread: Find Out Why this Technical Trader believes the Index may be Consolidating and not Crashing
Andre Gratian as our readers know is a subscriber to the Elliott Wave Principle. He writes that:
The SPX remains in an unconfirmed short-term decline. It will be confirmed when it trades lower than the recent 1357 low. Until it does, there is a possibility that the index is making a consolidation pattern in preparation for continuing its bullish uptrend.
Andre has his eyes on an important cycle which should bottom at the end of April. The VIX has broken its downtrend line and thus confirms the reversal we find ourselves in is real.
To find out how real...
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