Correction looms after S&P500 doubles key financial crisis level
- Technicals point to a correction in US stocks
- S&P 500 hit 2.0 Fibonacci projection, or 200% of 'financial crisis bear market'
- Last time it hit an important Fibo (the 1.618 projection) a 15% correction followed
- RSI below the 40 indicates a bearish trend
- Index could drop to support at 2,400 and 2,325 points, the latter being the stronger