S&P 500 on the 1D time-frame

S&P 500 may fall to 3720 - 3860

Our preference
Short positions below 4110.00 with targets at 3860.00 & 3720.00 in extension.

Alternative scenario
Above 4110.00 look for further upside with 4310.00 & 4390.00 as targets.

Comment
The RSI is bearish and calls for further downside.
Weekly chart is also bearish.