Signals

Short term signal: UP - it will turn down bellow 1764
Intermediate term signal: UP - it will turn down bellow 1752
Comment: Gap up and perfect touch of the upper trend line(green scenario see below).... then a plunge and rebound!?!!??! I do not think that you can trade it if you are a human:) The move up is definitely not impulsive... I think it will reverse soon.

Watch price behavior for clues:
- bearish scenario intermediate term top - we will see a move bellow 1710
- bullish scenario short term top - any pullback should stay above 1710

Levels to watch SP500:
- 1730 - minor support
- 1710 - important support level

Signals

Short term signal: UP - it will turn down bellow 1762
Intermediate term signal: UP - it will turn down bellow 1740
Comment: More confusion for the short term.... I do not know which scenario is playing out, in the middle of nowhere at the moment... up so far.
Both scenarios are shown one more push to finish the pullback or a move higher before something more significant to the downside.