This is probably not what most traders want to see but we must be realistic.
The monthly close is upon us and it's not gonna be a bullish close. A lot of selling pressure and it may be just the beginning. A 13 % correction on SPX is more than likely in my opinion. If the price loses the upsloping support, we will see the mark-down pretty soon. Stoch RSI suggests that the bears are taking control. My target for SPX is between 5200 and 5000. Get ready to buy cheap stocks and cheap crypto!