3rd and 4th Short Position at the Fib Resistance Zone

I entered 2 more short positions. I am just speculating in the resistance area for a move down to 1707. This wave could be bullish. We have taken it back to the middle of the chart and are at a binary moment. As trend has been down, I am honoring trend with the short positions.   The bear scenario has a target level of 1707ish.  The bull scenario has a target level of SPX 1916.80. SPX 1916.80 Is Top of the Fib Extensions. If we can close a week above the 10 EMA on the weekly chart, I will be looking to enter long for the bull scenario move to 1916.80.  That move to 1916.80 is allowable under both the long term bear and bull scenarios. So, it is a real possibility. However, until it presently shows that it is going on a bull run by retaking key moving averages, I am firing short into the resistance area for the move to 1707. Middle of the chart has very little edge for me, so I try to keep my stops relatively tight as there is half a chart to hurt one with if the trade goes the other way. There is always a bear path and a bull path. We cannot know which path our future will choose. As always, do your own due diligence, read the disclaimer, and make your own investment decisions.   Peace, Om, SoulJester