SPX500 is it a "U" or a "V" "

FX:SPX500   S&P 500 Index
115 2
U means we got some more retesting to do
V means we go up
if its not V or U - then we go down
I think we are a at a point the market is going to make it or break it...below this its abyss above we have 2040 as potential target
weird but TV wont show that we are are at 1960 but it was a "U" in essence
This is very descriptive and informative. Thank you
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