There are many levels to be interested on the downside for the SPX. Could price action move higher, yes, but it is very likely that price action finds its way below the 2000 level by the end of the year. If not by the end of the year, we will see below 2000 in the months ahead. The levels of interest to us on the downside are: 2150, 2082, 1976, and 1932. Below 2150 and 2082 is the next stop. Below 2082 and 1976 and 1932 will be next.
Trade active:
The first critical level area has been broken to the downside as price action gets through 2150. The next level of interest to the downside is 2082 now.