S&P is at the top of the megaphone

there is three possible scenarios :

-first one it fall until it reach the major first support and rebound on it to retest the high of the megaphone (70% probability)
-second one it fall and break the major support (last ATH)and keep falling until reaching the down trendline of the megaphone (20% probability)
-third one it breaks up the megaphone and keep rising until reaching an undetermined level (10% probability)

make your bet. personally ill wait until it reach the major support and see the price reaction before taking the decision to short or to buy

Komen:

and if it breaks up the megaphone ill buy

Komen:

taking a short from here its not a dumb thing but still risky because the trend is up so personally i dont try it