The S&P will reach a 38.2% retracement of its 2016-2018 rally when it hits the 2510 area, a normal retracement. This appears to be the overriding factor in this decline. The resolution of these conflicting observations may be a bearish opening to the week, followed by a late-week rally. Here are a pair of short recommendations: Electronic Arts and ATT.
Electronic Arts shows a weekly cycle high on the 18th. In the last year, eight of twelve sell signals have been successful. The stock has been hitting new lows in absolute and relative price since July. The stock could fall to the $75-$77 level.
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AT&T displays a weekly cycle high on Monday followed by a decline through the week. All eight short signals have been profitable in the last year. The stock is likely to test the $28 low area early during the week.
I bought my first stock in 1966 and then obtained my BS in banking in 1971 and an MBA in corporate finance in 1972 from NYU. A study cycle began in the same year. A 9-year psychotherapeutic training apprenticeship followed