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TopNotch Trading’s Tim Haefke, one of our MrTopStep educators and analysts, nailed several price levels on Monday that are being played out now. Note that around 3 minutes in he mentions the 1648.20 level as a downside target, the 38% Fibonacci level of the big move up from June. As I write this the S&P seems headed in that direction with little to stop it. A lot of algos are triggering sell stops.
(Ignore the 8/9 date on the video. It was the 12th.)