S&P 500

The daily S&P 500 chart shows that my short bias was completely off, and that price is moving up in this green channel instead of the wedge I assumed was containing price.

The daily S&P 500 chart shows a possible topping candle that bounced from the 78.6% retracement level of the recent down-swing, and from the top of a possible green wedge (note that I had to move the upper line after the rally of the last few days, making this pattern less sure)

The weekly chart of the S&P 500 shows that this week is represented by a hanging man, which is a reversal signal and thus hints that there might be weakness ahead.

The daily S&P 500 chart shows that price reached the 61.8% retracement of the recent down-swing and the top of this green triangle.

The daily S&P 500 chart shows that price is testing the upper line of this red channel, a breach above could trigger some short stops that can send price higher.

A zoomed in version of the daily S&P 500 chart shows that Wednesday is represented by a small inside bar, showing some indecision about where to go next.

The daily chart of the S&P 500 index shows the predicted bounce, which should bring price up to either the 50% retracement of this downswing (at 1110), or a backtest of the broken wedge.

The weekly chart of the S&P 500 shows that price is backtesting the previously broken downtrend line.

The daily chart of the S&P 500 index shows that price tried to break below the the lower line of the green channel but closed above. Everything looks bearish, but I still expect a bounce that should bring price up to either the 50% retracement of this downswing (at 1115), or a backtest of the broken wedge.