$S&P;500; UPDATE

$S&P;500; gave that short term pullback which triggered with the print of (4,487),
This happened on very much expected lines,
in our review here on 3rd,august we were very clear on a short term trend reversal,
and we have seen MARKETS trending lower gradually since early AUGUST.
not only that volatility too have picked up which going forward will put things in better prospective.
We also mentioned on NASDAQ earlier which have clearly broken down,
DJI is the only INDEX which is in some what better shape,
but that might not last for long.
Coming back to S&P now with 2,consecutive daily close below (4,388) it have confirmed a SQUARING PATTERN breakdown,
targets for that are placed at (4,300) and (4,210) on cash in coming days.
Any recovery attempt is likely to fail in zone of (4,460-4,490).