SP500- A new drop to 3k zone is my idea

٨ أكتوبر ٢٠٢٠

After reaching an all time high at 3600, SP corrected to 3200 zone and now is in a correction of this first leg down.
I expect rallies to be caped at 3.5k zone and a new leg down can start from there.
My target for SP in the medium term is 3k zone but with upcoming elections I would be very careful with shorting US Indice