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UnknownUnicorn1156963

Good start in SP500, but still there is no signal - here is why

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S&P 500 index (FOREXCOM:SPX500)  
UnknownUnicorn1156963  
FOREXCOM:SPX500   S&P 500 index
Trend Analysis Chart Patterns Technical Indicators sp500index sp500future esmini SPDR S&P 500 ETF (SPY) S&P 500 (SPX500) SPX (S&P 500 Index) US SPX 500 dowjones DOW
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trendanalysis chartpattern indicator sp500index sp500future esmini spy spx500 spx spx500usd dowjones dow
We got a nice rejection near the first level of resistance (I mentioned it in previous SP500 analysis). Sellers entered with good volume, but the trendline is still holding!! Likely there will be attempt to break it. There is a possibility to retest 2 important zones before this attempt - previous swing failure and yesterday's top (to form double top). Don't hurry with shorts, let this market do its thing, and form strong signal. One day with sell-off is not enough

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UnknownUnicorn1156963
SP500 still has room to the upside before decline
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