SPX at a critical level: S&P500 could go either way

12 Kas 2018

This is a follow up to my series of SPX plots shown below.

Last Friday and this Monday it retraced exactly as expected in my last plan.
Now it is at a very important price. Could so a LITTLE lower with panic but not much.

16 Kas 2018

Not

Interesting week of decision making Bulls held the 'last line of defense' but that support is now exhausted for sure. If approached again, it will fail. But the bounce does look to have some strength. I will evaluate over the weekend and post a new idea for next week.