Long SP500 and other instruments to see a bounce from current levels after today's price action. Longer term, there could be problems and we could see further moves below 1800.
Comment:
Expect further upside and consolidation between 1910 and 1945, perhaps as high as 1980. The market will most likely trade in a range between 1850 and 1950 before either moving much lower (10-20%) during the next 3-6 months or slowly makings its way back towards 2080.
