$SPX 2 Hour & Daily Charts
I kind of like the ~1910 level. If $SPX were to fall to that level it would cleanly take out the SMA 50 on the daily chart, which would sucker in plenty of shorts looking for lower lows to earlier in the year. They would then be ripe for squeezing and a low of approximately 1910 would then set up $SPX to attempt to make a higher high. Just a possibility as there, IMO, a lot of possible support levels.
Good contrarian thoughts…I am NOT convinced this is a bear market till the VIX gets back over 20. I am with you, it’s a BULL till it’s not…
Bearish bias bites me in the butt…