Long SPX500, here's why...

Nasdaq and SPX500 are correlated as we know. I think that because NAS100 has not yet reached the 200 SMA, the SPX500 will go up to around 3400 which is basically what would happen if NAS100 goes up to touch it's 200 SMA. Then I think it will reject and fall.
Chart PatternsTechnical IndicatorsNASDAQ 100 CFDS&P 500 (SPX500)Trend Analysis

Disclaimer