SP500 - Sht happens on weekly. And this will smell worse

FX:SPX500   S&P 500 Index
471 2 11
Broken. Watch for fibo levels only where and when to cover shorts (no longs at all!)
Simple advise: don't try to buy the fckn dip any more as any dip may fck you back badly if you stay long!

Volatility to stay high, sharp moves ahead, like it's already happening today. This can end up in a total krach.

1970-2000 is now strong bearish support. millions are waiting to get out as high as possible, so mkt is likely to stay under heavy selling pressure with no real liquidity until further measures announced by policy makers. But who knows when do they announce any measures? At 1700, 1600 or only below 1400?

1830 was initially bought only, because there was the 2014 October low. However as you see, right now there is no support there at all, like list time! The picture is different.

Look for selling opportunities only. The break on weekly is obvious. Even if it moves back to/above 2000, I doubt it could be sustainable.

Stay with price action, don't listen to news and talking heads. Follow the chart, and the chart says it is NOT BULLISH any more!
Some consolidation of general risk off is not impossible. In terms of SP500 it means the index may retest 1970-2000 bearish support, but there the market will probably face new selling pressure again. My feeling is that within few months the index will target 1600 +/- area.
Same opinion...heading down.
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