Potential support at 1820. If it breaks, we could go to 1700-1720 by the end of January.
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Support hit at 1811, next up it's likely gonna test 1900
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Tested 1900, could see a small rally to 1950 today. if not, 1880-1900 is likely the target
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At 1930 strong resistance; if it breaks above, 1950 for the day
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The big short is a small short. If market has one more leg down, it's to 1620-1650. That is a strong support, and a good chance for another 5-8 year healthy rising trending market. Worst case scenario, next level would be 1100-1300. It will happen only if we go sub 1600. Oil prices may have bottomed. If oil does start going lower again, it is likely the last bottom.
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The idea was a long time ago, doubt market will ever see 1800. Considering US elections, it all depends on the results of the elections and what the elected will do. Personally I'd prefer the idea of spx going up, it would naturally bring calm, though not sure what the cost would be(more qe?). If it happens to be a correction, hopefully it will not be as bad as to seriously affect business. Anyways, if spx happens to break below 2000 by end of the year, it might be the start of a bear market. The number is kinda simbolic. Above 2200 will signal another period of bull market.