re-charge

Maybe time to start a pull-back now as the full force of the double bottom T structure should have expired today – assuming my drawing is correct. Tight stops at 2039/40.

Time to re-charge the bull.
Ideally into the 2015-1985 zone – previous resistance, may well now be support.

Chart of S&P500 for 19 November 2014

S shaped top

Moving up into a S shaped top. well maybe.
Still under S2, and now in the R2 zone.

With the potential expiration of the T structure tomorrow, a tight stop under today,s low 2041 makes sense.

RSI 14 above 70 suggestive of a top.
Are there any bears left out there.

Chart of S&P500 for 18 November 2014