SP 500 chart analysis ;
1) Print this chart, stick it on your wall
2) Price is now getting too far away from its 50 days exp MA
3) Light green arrow = spike up, then sudden reversal (medium probability)
4) Red arrow scenario = high probability
6) Both scenarios do confirm an uptrend, expect higher volatility, if you are a long term investor, just stay in and enjoy the wild ride, if you are a trader ; buy on the dip should be on your mind.
7) Oil and Tech stocks are way overbought, pull back will be harder from these two sectors.