All indexes are currently bullish which indicate longs, SPX500 has broken previous support and is now consolidating, unless the market is going to crash soon (strong probability) this is a perfect opportunity to get into a either short term or long term buy once it breaks consolidation as a 2nd confirmation.
Break of trend line on a the 2hr time frame looking for potential sells, waiting for retest of previous support.
Com. #1: Break of trend line
Com. #2: Retest of broken trend line
Com. #3: Retest of previous support/low for continuation (Prediction)
As said on the chart Technical Analysis is predicting a move to the downside indicators are Bearish Gartely, Overbought on the RSI, potential double bottom, and a strong resistance that has been tested in the past, despite these indicators if any positive news occurs that improves the market US30 will most likely break resistance.
