SP500 update - Ultra tactical NOW

FX:SPX500   S&P 500 Index
191 1 1
Market back to top.

Now: Mellow breakout or last dive down before rebound?

If you want to buy (not my stance), I suggest not to tolerate closes below 2100 (21d ema ).

If you want to sell (my stance), you have 2 stops strategies: Tight (2127 on close) and strategic (2180 pain on close).

Ultra tactical : short 2111 stop 2127 on close. tight but may work

Note 1 : In Europe, Indices are close to a bottom or did a bottom last week, so this correction call is really the last chance and is probably for this week in capitulation mode.

Note 2: At the Upside extreme, with my calibration, SP500             "can't" be higher than 1205 on the 19th of June.
Note: SP500 was very resillient the last few weeks (considering what happened to european equities and bonds) but the correction may be taking a snowballing shape where each attempts lower manages to reach marginally lower, hence the 2040 target if that works.

Not trivial by all mean.
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