FX:SPX500   S&P 500 Index
spy
I'm not convinced just yet, but there's a potentially very bullish set-up that could melt this market up in the heart of a 3rd. Never trade against the heart of a 3rd - short in this case. If inclined to short, wait for support to break down so you'll have something to trade against and *please use stops.
I really thought S&P had something going yesterday. Didn't trade it long - hadn't broken out over resistance. With the break overnight there's increased probability that we'll see at least a flat for white ii if not a deeper (ii). Outside chance of a deeper green minute ii.
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closer view:
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