hold short.
on daily there are two harmonics-yellow bat and orange crab,
which lead to 0.886 fib area on 1898.
on weekly chart on 1898 there is area of uptrend (green on weekly www.tradingview.com/chart/8L4qLFC9/ ).
Also, according to fib time zone indicator (1.618), today is a reversal day and the move started today, will continue
till 29.12.2015 (2.618 fib).
So, i'll hold short till 1898 area and then will search bounce level for reshort,
because i suppose, spx will play one more two levels next year - 1720 and 1490-1525 zone,
which, possibly, will be the bottom.
on daily there are two harmonics-yellow bat and orange crab,
which lead to 0.886 fib area on 1898.
on weekly chart on 1898 there is area of uptrend (green on weekly www.tradingview.com/chart/8L4qLFC9/ ).
Also, according to fib time zone indicator (1.618), today is a reversal day and the move started today, will continue
till 29.12.2015 (2.618 fib).
So, i'll hold short till 1898 area and then will search bounce level for reshort,
because i suppose, spx will play one more two levels next year - 1720 and 1490-1525 zone,
which, possibly, will be the bottom.