$S&P;500; UPDATE

$S&P;500; have entered the (NEW YEAR) with very week Technical structure. In our review here on 16th,DECEMBER 2022, we were very clear that the counter trend bounce which got started from OCTOBER lows has ended and MARKETS again have turned lower.
and MARKETZ have turned lower after that. For very short term we have been considering few OPTIONS. 1, of them is a bounce till 3,910-3,930 if this bounce takes place then, it would be followed by very sharp decline. Which can drag prices below 3,751 and once 3,751 breaks, this decline would enter in its next stage, which wont be a choppy decline.
If 3,751 breaks without a bounce then also it’s fine, but 3,751 remains a critical level for very short term. For positional traders there is a PATTERN clarity. The print of 3,840 before (CHRISTMAS), Have triggered a (HEXAGON(,+,(HARMONIC CHANNEL) breakdown, which have clean price objectives for 3,521-3,571 positionally on S&P cash. Let’s see how the short term setup unfolds, but there are no tiny doubts with positional setup. That’s it!