chartwatchers

S&P - Testing the breakout

FX:SPX500   S&P 500 Index
32
S&P seems will test back the breakout at 2137$ or at least the 20 EMA at 21.46$.
My recommendation is not to short it because it might be a very short breakdown with an immediate rally so if your are sitting at your computer 0-24 you might catch it but otherwise you will be get caught with your shorts.

If we test the breakout we will rally to new highs again. That will help oil to bottom and rally again.

This is the dip what traders at the sidelines should buy or a possibility to add to the longs.

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