Based on Technical Analyses, the S&P 500 can see a big move up or down, seeing it is currently in a downtrend on the daily timeframe, my guess is the spike will go down. As the down trend will compress it will likely break out over the next 60 days.
Could this mean the beginning of the bear market we've been expecting? who knows.
Could this mean the beginning of the bear market we've been expecting? who knows.