SPX500 RESUMES DECLINE TO 3168

A short signal has been sighted on 260822 at 4108 targeting 3168, the weekly long signal that emerged on 010220 at the peak of the COVID correction. This puts the SPX on a month, week and day DOWNTREND.

Long term PULLBACK since 010622

Medium term DOWNTREND since 140222

Short term DOWNTREND since 260822

PIVOT 4315

Short positions below 4315 for 3168 and 3067

Long positions above 4315 for 4456 and 5158