A swift evaluation is conducted based on a single day without look back. SPX is currently in a bear trend. Prices are trading in a range of approximately 124.68 points/ticks/pips per trade period. Price strength is suggesting a possible follow on range of 3221.41 - 3375.51. Prices are consolidating between 3209.45 - 3428.92. If strength and trend continue, SPX is trying to reach 3377.58. It could take between 1 to 2 trade periods to reach the projection.
Suggested stops in a Bearish environment. Last Price + (ATR * 1.5): 3485.48 The trend moving average: 3298.46 SAR: 3582.2
------Additional Comments: Standard Deviation for following week: 3121.10 -3475.82 Forecasted Range for following week: 3268.80 - 3424.10 (Targeted Mean = 3346.45 )