SPX 500 - all about that 3900
Updated
Bull and bear cases discussed, also OIL and BTC. In a nut shell, bulls want to continue the uptrend and 3900 to hold as support. Bears want to see 3900 fail as support which would likely start more intense selling. Oil short looks clearer to me as of now.
Comment
Looks like a reversal after finishing the C leg. It still looks like an ABC, which means lower is likely (if we don't go any higher of course). Still need to break below 3900 area to confirm, not sure they do it by close. 
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