The S&P 500 just hit a level that could spark the next meltdown

"Once you make a panic low, you typically have this relief rally," Dwyer said. "Unfortunately, the vast majority of time you go back down and test that low.

""You've already panicked, so down 34% at the low to say that it's going to get significantly worse is not the case," he added. "The time to be cautious was in January and February. We made the panic low. While we may test that low, it's not the time to get scared."

TradingNation This dude has been SPOT ON WRONG !!!!!

TradingNation This is precisely why this guy works at Canacord. Who’s that anyway ?

TradingNation Wait ... CRYPTOCURRENCY BITCOIN DIGITALASSETS XRP on BAILOUT rally mode too ...lol Looks stronger...

TradingNation Die nächste große Korrektur

TradingNation I want you to get him tomorrow when we make another higher level

TradingNation I took the S&P initial low and multiplied it by 15% to get 2,650 as a sell target. In the past, drops 30% were always followed by a 15% bounce before the re-test.

TradingNation Look into charts, 2008 it went down after 13% upside in November, it went another 30 % from there. Please check the charts put by elerianm this evening.

TradingNation I wonder if he’s short, is a regurgitation machine

TradingNation Don't worry the corrupt FED uses extortion to push up markets so the rich are covered by your retirement funds that you will probably now never see again.

TradingNation yup its goin back down

TradingNation No way. It's a garden variety rally.

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