SPX REBOUNDS TO 3867

The short signal triggered on 260822 at 4108 targeting 3168 hit a low of 3489 on 131022. The rebound to its day pivot at 3867 is an inflection point. A break of 3867 to the upside will continue the rebound to its weekly pivot of 4246. Otherwise, the downside target of 3168 remains in the medium term

Long term PULLBACK since 010622

Medium term DOWNTREND since 140222

Short term DOWNTREND since 260822

PIVOT 3867

Short positions below 3867 for 3168 and 3067

Long positions above 3867 for 4456 and 5158