We are now within 5 pts of the SPX target and should start looking for a reversal signal. While we look for this reversal signal we should stay very disciplined and wait for a confirmation. With the resets happening the past few trading days it is most likely nearing a high, therefore these signals should be watch very carefully in the case that a long trade was taken.
SEN: Bullish
ST: UP
PA: NA
R: NA
Note: There is a negative divergence in the intra-charts that has been progressing the past few days as well. While it may not guarantee a reversal, one must also be aware if in the possibility of one occurring.
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