If you love short term trading the S&P 500 fast quick $$, attached above is my humble opinion and prediction for the movement in the 5 minute chart. There is a strong base built and I expect a flush first before a rise. After it rose to a certain level as highlighted in the diagram, I expect another wave of sellers to flock in which then the S&P 500 could build another base before moving higher will maybe it reached the short term ceiling? This is my game plan for the 5 minute chart trading the S&P 500. We shall see if it materialized.
Update: 28/6/2016, 9:26am
Start of a rise for the S&P 500? Looks like it now.
Update: 28/6/2016, 9:57am
The rise just continued for the S&P 500 and it's approaching the selling zone!
Ronald K - Market Psychologist - A Stock Market Opportunist
