S&P500...
Bull case
Breakout of wedge with up close
MACD turning up and crossed up
Top 8 traders net positions (yellow line) are less net short
Bear case
Breakout with a shooting star type of candle
Candle has long upper tail which is longer than body
Relative price strength is weakening
Non-commercial net positions are dropping, maybe offloading on breakout
How now, brown cow?
Bull case
Breakout of wedge with up close
MACD turning up and crossed up
Top 8 traders net positions (yellow line) are less net short
Bear case
Breakout with a shooting star type of candle
Candle has long upper tail which is longer than body
Relative price strength is weakening
Non-commercial net positions are dropping, maybe offloading on breakout
How now, brown cow?
