Maybe I'm a little bit too early, but let's trade first and think later..
As we can see we have downtrend channel resistance just above the price and demand zone just below the price, going long from this point wont be that good trade.
Perphaps it is the last time to add some puts tomorrow before next week.. or not time will tell. Another chart I made pointing at the same pivot point: imagizer.imageshack.us
SPX500 - Bias short below 2137 handle. Retail traders still holding long positions at 1.7:1 ratio, indicating downside continuation risk still outweighs upside risk. This week looking to short risk if market bounces to any resistance level up to 2137 as long as retail trader sentiment still remains to long side along with 8/21 EMAs below upper trend line...