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S&P 500 Index

SPX500 still at the crossroads

By the_sunship
Updated
trendline still not crossed or rejected. Best to wait and see who wins this battle. Bulls want to see 4020 held for at least a day to push up to 4150+, Bears want 3900 crossed and held to drive it down to 3700-. Fed today, so expect whippy price action. I'll just be watching.
Note
Either up or down should be quick. Down would imply a B and another leg up later, up from here would likely mean we are completing the 3rd wave of C - usually the fastest wave up.

snapshot
Note
this would be an aggressive short entry snapshot
Note
breakout above 4020 looks real. Target should be 4150+ snapshot
Chart PatternsS&P 500 E-Mini FuturesTechnical IndicatorsS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Wave Analysis
the_sunship
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