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SP Going to punish the shorts?

72
With the overnight European session opening down 1% Algo driven machine selling took advantage of the thin trade to flush out weak hands as the 2812 gamma level held and now back above 2871 and ready for a move to Fib level of 2916. Above that and a simple China talks with US headline will propel up toward the all important 3034.
Nota
Hit 2900 and fell due to China and 61.8 Fib, now back in range 2863 to 2900 and neutral here unless break out of those levels,

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