let me articulate what MA is seeing. or, the purported AI computer, anyway.
If the stox can drop into a firey low by december, the stox can rally into 2017...(closing those gaps I talked about before it goes back up). So, going lower now will extend the length of this bull, in time. Failure to drop now means it's going to run vertically for a year and exhaust in '87 fashion.
By leaving the gaps the stox will exhaust all of its fuel over the net year and top.....like '87. Interestingly, this would be an echo of the 4Y cycle that was observed in '86 which called for a low then, and that, in fact, held the DJIA for '87 (that is, the '86 low was inviolate and said the best low risk buy point was as the market approached that low number in '87).
So, the fun gets serious.
also, notice the mini vertical move in the Nasdaq over the recent 10 days where you had a breakaway gap, a measuring gap and an exhaustion gap. in 10 days! Amazing, if true in hindsight.
icd