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SP500 Index – short target 2630/600 reach

Situation slightly calm after that aggressive sell off. Index working hard to save dip under MA200 daily and give hopes for rebound.

Fast sell off often follows quick correction so  lets stay focus. After so long bull run Instrument is not best long term investment and levels at which price trading encourage more to take profit out from table not add positions to portfolio.

This sell off shows how market is fragile and pull back near to highs will help just to land price lower maybe in more controlled way.

2nd option is continuation of sell off after some period of flat consolidation. Another 3%+

target : pullback 2900 area then number of swings and next correction with new lows 

target after flat correction:  2630/600

Good luck and trade safe 

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