1. SPX weekly chart is going to down trend. I have to get the chance to exit all my long positions without win. SPX 1050 is very important support. Once broken, I need get all the cash on the hand instead of the stock.
2. SPX daily chart is in down trend too. Once broken 1090/1080 support, it's going to fall down sharply without support.
3. SPX 60 minutes chart shows this is bearish count, if mkt bounce pass above 1120, then it will be counted differently.
1090 bounce to 1100, then fall back to 1060, then bounce to 1100/1200. If it can not pass 1120, it will drop to 960 area.
3. USD daily is going up.
4. USO daily is going down.
5. Watch out VIX and VXX chart to decide if it's still in bull market or bear market.
If VIX and VXX does not fall down, it means it's bear market. Then you can buy VXX around 30.
Trade suggestion: Go Long at Monday’s open using SPX 1082 as your stop loss and SPX 1109 as your target. Sell before Tuesday’s close.
LONG TERM: bear market
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