MikeFunktastic
Long

Trend is still intact

INDEX:SPX   S&P 500 Index
510 1 1
Although bears did a lot of damage the past few days, we are sitting on the 50-day EMA which acted as support in the previous dip near the end of February. Don't fight the trend. Stay cautiously bullish until the trend line AND the 50D EMA are both taken out. Otherwise, this is just another bear trap.
hope so I bought many futures contracts :P in 1min or 5min chart spx looks like an ending wedge but still not confirm let's see tomorrow :)
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