Here is why I am bullish on SPX

Commodity Currencies

Aud/usd is headed up to test 1.08

Usd/Cad is headed down to test .9535

Safe Haven currencies

CHF will loose more against Usd, Eur, Gbp, Jpy, Aud and Nzd

Eur/Jpy is headed up to test 115.6

Gbp/jpy is headed up to test 129.68

Cad/Jpy is headed up to test 83.2

Aud/Jpy is headed up to test 86

Nzd/Jpy is headed up to test 66

Bond Futures

/ZB is headed down to test 125'2

/ZN is headed down to test 122'3

World Excluding USA

ACWX is headed up to test 45.1

Emerging Markets

EEM is headed up to test 46 area.

Volatility/Fear index

VIX is headed down to test 14

Oil

/CL is headed up to test 102 area.

My target for SPX is 1340-1350 area

Month end analysis on some equities

I am going to short the following. They closed below Monthly support pivot point.
EEM
JNK
ACWX

I going to enter long positions in the following. It closed above Monthly resistance pivot point.
SLV

Following confirmed bearish trend today
ACWX All world excluding USA, 5 below 13 and 5 below 62 EMA
RSX Russia 13 below 34 SMA
EWH HongKong 13/34 SMA
IYF Fianncials DOW sector 13 below 34 SMA

Following may confirm bearish trend tomorrow
aud/usd
FXA Aud/Usd ETF
IHE Pharma DOW sector
IYG Financial Services DOW sector

ACWX turned bearish and EEM closed below month support today, so I closed my 401-k emerging fund and moved back to stable fund. Looking at eur/usd, eur/jpy, UUP, dxy, I feel, we are close to a rally.

International Markets are confirming downtrend one by one

Confirmed bearish trend today
FXB Pound 13 sma below 34
INP India 5 below 13, 5 below 62 and 13 below 62 EMA
IYH Healthcare DOW Sector 13 sma below 34

Confirmed bullish trend today
USO 5 above 13 and 5 above 62 EMA
OIL 5 above 13 and 5 above 62 EMA

May confirm bearish trend tomorrow
ACWX All world excluding USA
IYF Financials DOW sector
RSX Russia
EWH HongKong

Looks like International markets are breaking apart. EWZ, EPI, EWP have already confirmed bearish trends and now ACWX, EWH, RSX are in line.

I have 25% of my 401-k tied up in emerging markets wich is comparable to ACWX. I may close it tomorrow.

Looks like money is being rotated to Oil sector. XOM had given me bull signal on October end of opex day. Today, I got out out of JNK calls with 3% profit and bought DIA calls when DJI tested Opex S pivot. I had also bought EWZ calls when it was testing Opex S pivot. Both had OK profits by EOD. I will close those soon. Tomorrow is last day of month and it is critical for EEM. I will be watching.