SP500 break out or dive into the deep?

No need for a long description every info is present on the chart.

Filter out the news noise, charts and price action will tell you or at least indicate you what will happen with the price way before news comes up to your TV screens. Dont you find it super suspicious that every "major" news comes up exactly when price is making break out from important levels? For example weekly, monthly levels, historical highs, lows etc..

Follow the price action - stare at the charts not at the TV screens.