Major resistance ahead - Happening NOW!

SPX will meet a few major resistance tonight or tomorrow and dump again...

0.5 Fib 5342 with 2 points anchored to Aug high and low...

7 Day EMA confluence with this level and may act like a resistance...

Vix may bounce off 200EMA 1H timeframe and shoot up like crazy again as seen on Monday

The mentioned level was also rejected twice last Friday trading day if you look at the charts

Good to short MES or ES at the same time when SPX price get rejected at that level with decent SL of about 0.5% or 30 Pts with RR of 1  to 5

Nearest support at Monday low of 5119 or 200EMA Day at 5073 or at least 3% down...

Same pattern of retracement seen in Aug to Oct 2023 price action...

Tomorrow Headlines - Selloff continues and intensify...

Bulls please trade with this knowledge and apply proper SL if you want to long or buy tonight...