Short term update

It has played out nice, but the bounce is getting a little bit too stretched.
Either SP500 will find resistance between 61,8% retracement and the 38,2% Fibo level for the whole sell off, or it is heading to the upper boundary of the channel ~1245. I still think that we will see a low around 1100 but if SP500 does not reverse now i will change my mind.