On June 12, I wrote,
The market is moving into waiting mode as the Fed’s next FOMC meeting where they have the opportunity to live up to the rate-cutting hopes they’ve raised come next week. As it does, it is forming that topping pattern that keeps repeating at this level.
Now you can easily see in the chart below that certainly fits what happened with the S&P 500, having risen only about 150 points above where it was on June 12 to now having fallen well below where it was on June 12:
Read the rest here: The Great Recession