RISK REWARD favors the SHORTS.
ES Futures could easily trade at or below 3200 and will not attract long term buyers. Macro data is weaker than expected.
SPX is trading above the PE Ratio Line, this will change or prices go down or PE Ratio goes up.
Here you can see world indexes that I track with PE Lines
Macro data is not positive #JAPAN #MarioRandholm #SPX
My view is not that important – On the other hand, the risk you take is critical.