Why One Trader Sees The S&P Plunging 500 Points
by Tyler Durden
ZeroHedge.com
05/18/2016
A “technical red flag” looms according to Sven Henrich – better known to Zero Hedge readers as Northman Trader. “The technical target that I see would be 1,573 on the S&P,” Henrich warns an anxious CNBC anchorette, adding that the S&P 500 must stay above the 2,025 to 2,030 range in order to keep the index from falling by nearly 500 points from current levels. “If we break below this level by the end of May, then stocks may actually indeed retest lows or break lower..”
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