S&P500 what is next.
The chart looks like its trapped, to keep the positivity in the chart we need to gap higher and get a strong upside sign, this is what we had last week but now its trapped, the red line that acted as a big support level is acting now as a resistance level. Then also the triangle. A support (green line) level that did its work and a resistance level (blue line) that did the same. Are we going back down or a strong up. RSI is short therm overbought. If the chart is going to hesitate for a short time, its going quickly back to support level, red line. People are not believing its a normal strong positive chart when the chart is going to hesitate. Strong sell of to keep in mind.
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