The S&P 500 is vulnerable to a 150-200 point drop that would trigger CTA/systematic trader sell signals, pushing the market to a 7,000-level test, while the key support level to watch is 7,400.
forecastpending
Speaker
Missile BegnanEvidence Quote
“If we see at this stage even a 150 or 200 S&P point drop, it would put us into a sell trigger area. The key level to definitely watch is going to be the 7,400 level. Any sustained price action down there could really start to create that feedback mechanism of selling which could spur a correction down to 7,000.”
Created: 8/12/2026, 6:13:28 PM
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