SPX Risk Reward favors down side

Incredible liquidity driven BTFD rally coming to the major resistance.

• 
  VIX term structure indi shows complacency in the market, super contango structure with spread ranking 90%+ in past 200 days.
  Setiment indis show greedy towards extreme.
  Speculative names peaked before the index (none profitable dream companies)
  Multi-timeframe divergence signal detected, momentum slows down.
  SPX near major pivot levels, shown in fib zones.
  RR favors downside, at least a deeper pull back warranted.