A week back, someone posted Pug’s view, but couldn’t link to a chart.
Then yesterday, others discussed the idea of a bottom for this decline off prior R levels for SPX around 1550-75, from which point we’d ramp again.
I thought that was fanciful, given how high P/Es are ….
In any event, here’s Pug’s tweet from this AM.
Hard to see much detail … looks like he has us in a Primary ABC sequence for Cycle 2, where it appears he’s looking now for A to bottom soon — I can’t make out his target.
He had called the bottom in on Thur IIRC. But misfired on that one.

https://twitter.com/PUGStockMarket/status/688399118796902400/photo/1