Optimal sell level / Major inflection point met.

Big near-term decision in SPX probably dictates the next big move.

During the recent news rally, we’ve tested the big 76 of the full downswings. This is probably the do or die level for the bears here.

Marked in are our fibs and they’re labelled with the decision levels. We’re currently at the reversal level. If we got a bit higher, we trigger the breakout level and also marked in is the target we’d be going for if the breakout level triggers.

Marked in are the two possible trading paths.

Current trading entries:

Short 4115

Stop 4145

A second part of this will be sent out later. Approx 6 hours or so after the news once we see how it reacts to these levels.