SP500 - No doubt, it looks bullish, but...

FX:SPX500   S&P 500 index of US listed shares
68 0 1
.... but I just don't like it. The main problem is I don't know what is really that I don't like. Maybe the daily divergence? Maybe the momentum that is loosing a bit on 4 Hrs? Maybe the VIX             which is clearly not dropping? Maybe it looks a bit overbought? I would rather stay out of it, can not really recommend re-open longs (which I recommended to close earlier in my posts.) The bull may still have some power, but I do not expect a lot from here, I doubt it can really accelerate. Short of course is still very early to think about. I wait until next week to see how the Kumo on 4 Hrs gets tighter and if price gets any closer to it.
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