The S&P Index is hovering above the 2068 mark which remains a crucial support zone at the market, measuring 3 multiple tops since early 2015 the S&P index is likely to test its 4th Monthly top in early 2016 at 2105 which is very likely to test in a few trading sessions. From measuring the distance between June 2015 lows to early 2015 tops, we have a 9.23%...
This is a classic bullish signal. Although some disagree with this due to the fact that moving averages follow prices, rather than the other way round... Research shows that on average, after a golden cross occurs the S&P500 has gained >11% 12 months after. I think that if this does come to fruition, we will still see some downside as a correction to the current rally.
Technical look on SP500 - I see SHORT but.... these sunday we are waiting for results of DOHA meeting (OIL production freezing) and other stair is YELLEN with her printers. Hope for poor company earnings this week .. our last chance for short. :/