S&P chart

I still stick with my analysis that s&p is going up.

We have experienced a strong bullish trend from 2009 and a very small bearish fake out this year(considering the longer timeframe of 7 years vs 9 months). We resumed long term bullish trend and will stay in it for quite a while.

Always keep a look out for flat trading (example: 2015 march to 2016 may) because they signal reversals/ very high pushups. Don't wake up the sleeping lion!!

Also look at whether it's making new highs or not. If it doesn't stay out.