From a technical perspective, the S&P500 showed a precise 50% and immediately started selling off again. 1870 is an important level but given the current situation, a break is likely. The next target is at 1820 to the downside - which is the 0 Fib. The 161 Fib-extension target falls into 1640 which would be a 200 points drop from current levels.
> Free blog: http://www.tradeciety.com/blog