There is a gap at 2637 on the SPX which will likely be a target...

There is a gap at 2637 on the SPX which will likely be a target if we see a good retrace. Not sure whether the bull will continue after the expected retrace. US economy seems fine but market issues seems to be based on valuations and growth. We have seen a move from 667 in March'09 to 2940 in Aug'18. A massive 4.4 times move. Don't need to see a recession only slow down of expected growth and profits in the US and China to see the SPX decline a bit further. Apple downgrade on forecast a oncer or loner??