No need for tears just yet….Note that the current decline in the indices was warranted as they were both over extended AND they made major upside targets. Now a DEEPER downside decline could start to unfold from the recent highs, but I’m NOT banking on that unless the 9/4 low is violated. Key support above this low is posted on this SPX cash daily chart. If price can hold above it, then the bulls can easily regain control. Let’s see what SPX does around the 9/4 low and go from there!!