S&P 500 Pull back confirmed - How low will it go?

Following up on my 8/17 idea on the expected pull back in the S&P. The gap down below the 20 day average is a very strong sign the rally is over. The only question now is how low will it go before finding support. First stop may be the horizontal line that was a gap up. I would not be surprised for a test of the most recent low. I personally hope not lower than that.

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Friday