18 Feb 2016 - Timely Break?

the 38.2% ret. seems to be holding and has managed to push the signal out of OB.  This should keep things paused for a breather, but an entrance back above the OB range will see prices move higher with a probable 1950 - 1960 target.  It is possible that the SPX will try and tag the 1900-1890 again before a resumption higher.  This is the Gann angle line I am keeping an eye on.  A break of this could be the sign that the trend has changed back to the downtrend.

SEN: Bearish
ST: UP
PA: NA