As you can see there seems to be a lot of resistance on the downside for SPX 500 to fall towards my target price, but I believe in Drama's and not just easy trades. I like the story in the charts which has been given to us time and time again. The momentum is towards the upside as it has broken the major trend line but that does not mean we will not break it again on the downside and there will not be a bearish trend formation for short term swing trade opportunity. I see one, not many do. We need to see if it breaks about the strong resistance area of 2740 and moves towards 2780 or does it closes the gap and moves towards the major trend line.
