The SPX saw a net September decline of -369pts (9.3%) to 3585. This was a sixth consecutive bearish monthly settlement under the 10MA (4190). Momentum ticked lower, and is on the extremely low side.
Most notable is the stall from the key 10MA, where the daily 200MA was also lurking.
Q4 should broadly favour the equity bears to 3200/2900.
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