SPX held the 3600 support line so far going back a while. Still on shorts and will be delighted if they are stopped they are small positions with wide stops. So if they do get stopped they are positioned in a way where a trend reversal/bounce whatever you want to call it is likely on the way.
However to get to that point SPX still has a lot of work to do and bias is still to the downside
SPX has done nothing so far this month. Started the month at 3650 and now at 3640.. into third week of whip and chop and going no where in a hurry market reminds me of benny hill music actually - just has NFI.
17/10 Indices, page-21
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