In this key video, let's review what could happen to the ES SPX at critical zones and Probabilities in the coming week.
First, keep an eye on the fear factor - the VIX index. If we have a flush down, then I expect the algos to come in and squeeze the ES, SPX and cryptos back up. Even in a bear market we have violent squeezes around round numbers like 4000 where the manipulate the markets with flushes and squeezes.
Second, watch the dollar (DXY) - if it goes back down, it will support risk on assets and thus support the ES and SPX around the 3800 level. See my prior video on the VIX index for a refresher on risk on and risk off assets.
Remember trading is all about probabilities and there are no absolutes in trading. Stay flexible and go with the order flow.