SP500 Index

Updated
The rally from the 2240 to 2400 level is now exhibiting signs of a top. Yesterday's risk off has not seen any pull back and bears seem to be in control. FX market movements confirm the turnaround and we should now see a move to 2280 as the first target with potential sell-off of 10% down to 2125. Worse case, I see a 15% correction before regaining upside momentum; however, the additional 5% may come as a wick/candle.
Trade active
Currently retracing the last two days, now at 50%. Entries between 2340 and 2370. Stops above 2380.
Trade active
Great reversal today confirms the market should continue to weaken over the course of the next few weeks. Let me clarify: Shorter term, next 24-48 hours we should continue to see weakness and may see 2300 following Friday's report. I see reasons that both a better and a worse figure could move the market in either direction so we're going to pay close attention to price action. Recommend stops to be just above today's top.
downsideEquityindexmarketS&P 500 (SPX500)

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