I was given some information today that has concluded me to short SPX for the remainder of the year.
Turmoil and scandal in the US has caused a turn in SPX bearish. The US is going bankrupt.
I cannot say anymore than that.
consolidation may occur at 3850 levels then further dip to yellow supply
POTENTIAL 700 Point swing!
3:1 RR from MA200 (red) to the yellow supply box 1.
8:1 RR from MA200 (red) to the red supply box 2.
3257 levels indicate the impulse bounce (TA backed by A.K)