S&P 500 nearing 61.8% retracement of the August rally as declines continue

The S&P 500 is down 1% to the lows of the day at 1952.

I’m keeping an eye on the 61.8% retracement of the August/Sept rally at 1949.

S&P 500

I don’t believe in any move that happens at quarter-end/beginning until it holds for a few days.