The fractal analysis in the current weekly timeline shows only one corrective motion. Its size is larger, as a 2X fractal appears to be formed. In this case, we can expect another significant increase. Since fractal signals and the trading fundamentals are completely opposite, I will return to looking for a long position after a few days of ascent.
S&P 500 Forming head and shoulders and is expected to have another leg up within the new few months to a peak of $3000 marked in yellow. Before we see the reversal and start to fall to the target areas we have shown. S&P 500 has been on a Major bull run since 2012 and is now expecting to curve the momentum.
The SPXUSD (the perpetual contract of the SP 500) is somewhat of an indicator for domestic US investor sentiment. In comparison, I consider the DJIA to be an indicator of foreign capital flows to the US.
The US appears to be triggered by the nomination of a Supreme Court judge, or rather, the slander and innuendo associated with the nomination... and despite all...