SP500 in 60 minutes chart

For me is very important the 1358 Level. In case the price moves above that price my Bear scenario will be cancelled.

Now i think that the price will go to the 61.8% retractment of the move from the 04/06, around 1292.

I think in the next days/weeks we will see prices below 1266, at least towards the 1250.

If the SP500 goes below 1260 and it doesn´t go above today max. before, it´s quite probably the price could reach the 1200 level.


Of course this "road map"  will be cancelled with prices above 1358.