All daily charts and indicators are still bullish. All my swing trend indicators are still bullish. Long and strong is still the way to be. One cautious indicator is showing up on the hourly charts, and that is the hourly ADX has risen over the 40 line. A rollover of this indicator should show some weakness (pullback) in the SP-500, but the sustainability of the pullback is unknown at this time.
I'm currently tracking a few daily counts. A couple are bearish, a couple bullish. During times like this I sit on my hands so as not to make a terrible trade since capital preservation is my number one goal. The Daily ADX gave a buy signal back around 1290 on the SP-500. Every signal has been met with an opposite signal in the past. So there's no point being overly bearish here. I must wait for a conclusion and establish a trading plan.
Daily ADX Bull/Sell Setup Chart
My Swing Trade Trend Indicator is still on bullish buy