Bearish SPX
Bull Case
1) Bounced from 3500 (0.5 Fib)
2) Div on HTF
Bear Case
1) LH,LL
2) Rejected @ Imp Resistance
3) Double top @ 4100 (LTF)
4) Rejected by upper trend-line
5) Bullish DXY, JXY, SXY
6) No divergence on LTF
1) Bounced from 3500 (0.5 Fib)
2) Div on HTF
Bear Case
1) LH,LL
2) Rejected @ Imp Resistance
3) Double top @ 4100 (LTF)
4) Rejected by upper trend-line
5) Bullish DXY, JXY, SXY
6) No divergence on LTF
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