S&P500 Technical Analysis Chart:
I got many emails from my readers who asked if this is a good time to go short. I'm on the side line at this point. It's too risky to go short, I would wait to see the conformation before press the Buy/Sell button. I would wait to see if bulls could hold the S&P500 above 1206 level or not, before I jump in any conclusion. Today and tomorrow will be very volatile, be careful. Today action was a good example of early short who got crushed and had to cover their short positions.