The U.S. S&P 500 Stock Market has set the Battle Line at S&P 500 level 1860-1880. There will be a great battle there between the Bulls and the Bears.
The great question is whether we breakdown soon and breakdown to lower level? Or do we first have a short bounce towards the 50 Day Moving Average resistance, then head down.
From the AI Trader point of view, on January 21, 2016, we have a Buy Signal on the 10, 20, 30 Day Optimized AI Portfolio (a good place), and then a 5 Day Optimized AI Buy Signal on February 4, 2016.
A breakdown in usually bullish short-term patterns is not a good sign, but anything can happen.