Technical thoughts

Decided, what needs to be done with a fresh look at the structure and main levels of SPX.
First, what needs to be answered, this is the fact of the market rebound from the devil's bottom 666 to 61.8%(fibo) and then rollback to 38.2%( fibo) and now we are below 50%(fibo). As well as, is slightly higher 2 shoulder or you can say 2 top level 1131 and of course the level 1150, which was top in January before a slight correction, so I think,what is this zone ( red rectangle)represents the main stumbling block" for the market.
In terms of supports, undoubtedly, fibo level 1015, as well as the psychological level 1000, where futures managed to resist.
Below the psychological mark is an interesting level. 955( green Line), which I have spoken about many times. This is the neck line of an inverted GUI ( 2002-2003yy) and actually, she was the neckline of the inverted GUI of the beginning 2009.
Well, below is the critical zone 875-882(fibo), breakdown of which will cause a complete breakdown of the recovery structure from the bottom 666 with the threat of new lows.
The two blue lines represent the descending channel( bear market), which all the same has overcome the market and a return to it will be considered a very negative factor.

Each scenario has its own probability and everything will depend on, what the news feed will bring us.
I believe, what a hike to the level 955 fits perfectly, as in a fundamental picture, and in technical, without significantly disrupting the recovery structure.
From the point of view of the next impulse, it's still difficult to say unequivocally, What will happen. If consider, that the market rejected the red zone, hence , greater likelihood of testing 1050 and below, that is, I see 55-45 on rollback.Well, if super-duper positive news comes out, then the 'red zone" can be overcome, although it's hard for me to find a catalyst, excluding liquidity, впрыскиваемой FED и попыткой value портфолио менеджеров поддерживать рынок. Also, lack of negativity can be considered a positive factor.
From a positional trading perspective, I will rather navigate in SHORT, when risk-reward and tipping point and other factors " parade planet" будут иметь место.