Since our upside risk is so minimal, a short trade would be a good idea here. Risk a rally above 2100 to be safe, and target 1728.30. Keep in mind the sideways pattern Tim West had forecasted in his yearly forecast chart. If you haven't seen it, it's a work of art. See related ideas.
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Monitor this level on close today. A close below would be a good start. 209.54 SPY
Anticipating a gap down open tomorrow.