The S&P 500 is officially bearish as of Fridays close according to my intuition and strategy. I will be watching closely this week - targeting shorts around 5240. I expect to see a test the 5060-5000 level.
A daily close above 5240 would be bullish and invalidates this idea.
In the mid-term, I'm targeting key levels of interest to buy once this dip finds legs.
Trade closed: target reached
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This was a solid analysis. Once posted, price moved down too quick for my processes unfortunately. Price is finding a bottom now and this strategy is invalidated.