2/9/2017: Sp500 update

Today Sp500 index stealthily break out 2300 and touched top trend line of wedge at 2311.08 and reverse back a little bit. It looks like a short squeeze price action market. The possible next day price action could be:

• back test 2300 break out level, then reverse back up to continue the uptrend
• back test 2295 gap fill area, then reverse back up to continue the uptrend
• There is very very small possibility that the index will break down 2290 area to fill the gap at 2280

 http://schrts.co/EVqTdD

In summary, the odds is still with the long side, buy dip is still the action to do for 2/10/2017. Buy level is 2300 or 2295 gap fill.