The indicator is coming up to an important resistance line and the uptrend line on the lower indicator says this bull move has to end by Friday or it will most likely turn into a full bull trend.
Next we'll drop down to the other daily charts with indicators. The latest down move gave us trendlines that should show us when the uptrend ends (once the indicators cross below these lines)
SP-500 MACD
SP-500 RSI Had another bullish CIT recently
SP-500 Stoch RSI - Still in bull zone
The next hourly chart shows we were due for a pullback solely based on the ADX. If the 23.6 retrace was the extent of the pullback, which I believe it was today, then the pullback is MOST LIKELY a B wave.
It's okay bro I usually cant make any sense of swallows sharts either.
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