The SP500 fell significantly during the course of the trading to reach down towards a major uptrend line and pierce the 4600 level.
At this point, if we were to break down below the bottom of the hammer for the trading session, I think we go looking towards the 4500 level, which of course is a large, round, psychologically significant figure and an area that I think a lot of support comes back into the picture as well.
The last 13 years to see the Federal Reserve do that multiple times, so that being said it is very likely that we will continue to see Jerome Powell do what he can to save Wall Street.
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