bad news! support has been broken down

SPX has broken down that orange colored support. Sypher, trendline, and H&Ss all suggest that SPX is bearish. However we can't decide for sure.
Though it is a technical weakness, shorting is only confirmed if price goes below 3884.

Trade closed: target reached:

First corrective target is hit! the Cypher one at 3650.

Comment:

Close to hit the top H&Ss target, but I believe there is a double bottom has recently formed.

Trade closed: target reached:

H&Ss target is hit and reversed right away.