"Hindenberg Omen" Could Be Fueling Stock Market Fears
The two-day pause in the break in the equity markets made me search for some missing factor which may be lurking in the charts. At this time, the break taking place from the 1127.75 level in the September E-mini S&P 500 appears to be a normal 50 – 62% correction of the 1002.75 to 1127.75 range. This makes 1065.25 to 1050.50 the next potential downside target and an area which could make stocks attractive to buyers. Something struck me as interesting about the developing pattern
