Downtrend ahead

Hello traders,

SPX prints a corrective structure and it is not yet finished.
Shortly after top is broken, a C wave is expected.
Clues for that:
- RSI gives divergence visible on daily, weekly and monthly charts
- top levels of 2955 doesn't hold and chart doesn't show strong price action

Rejection:
- strong daily bar above 2955 levels

Prognosis:
- final destination around 2385-2369 (19,5% down move)
- intermediate stop - 2586 levels (0618 Fib retracement level)

Trade:
Wait for confirmation of the reversal on daily.
Put stop loss
Do not risk more than 1-2% of your account, based on your stoploss. If you don't know how - ask me.