S&P;500 UPDATE

$S&P;500; has gone up slightly above expectations
But it does not change overall structure for U.S. MARKETS
This would still considered as a counter trend bounce
Markets takes their own time to reflect TIME impact on PRICE
This could take few days to couple of weeks
Would expect S&P to break 4070 soon and test 4000, this print of 4000 may come before 10th,August to 12th,august
U.S. MARKETS, have plenty of work to do on downside
Medium term target on S&P is 3260 and this should happen in next few months
Before that 3540 is the level, I would be watching