SPY Monthly Chart | Informative

SPX
I expect a counter-rally to 420$ area. The only question is about the reversal point.

1- Bull's odds: the market is oversold; we were in 3 weeks downtrend, we have elections, and we are already 20% down from the top
2- Bear odds: Inverse Cup & Handle pattern formed on the \weekly chart, APPLE lost its pivot point that will trigger algo sell-offs.

*Personally, I expect more bearish price action now because if we see a bounce up now, then the monthly candle geometry will change; after three weeks of sell-off, I don't think they will change the shape of the candle; it will be a more red day until the end of this month to form a long red candle.
But for the next month, we can expect the rally and forming a green candle and trapping more retailers; they need liquidity, so they can't continue to sell off; they feed people to send them to slaughter for the next couple of months.