We are trading just at the trendline (green) if the selling pressure does not stop there is a chance to trade to 2000 or bellow to 1990 in the SPX
The situation in the Middle East is not helping the markets: “Centuries old conflict between two branches of Islam, Suni and Shia, just escalated. Overnight Saudis launched air attacks against Houthis in Yemen. Saudis are the major Suni power.”
On the other hand, the $VXX positions are working and I am considering the lower the risk and add $VIX intraday positions.