It is about to break . Click on the pinned post! BTW I do not even trade this , I have no knowledge of any fundamental and I am clueless as to what makes up the S&P 500! it is all about wave analysis.
Komen
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I am also clueless of how the markets will react to news events. Here is the good thing about that I don't pretend to know ( NO ONE HERE KNOWS) I do what I am a master at. I am always amazed by those who assumed they know. Want to know what is the makeup of S&P500 just google it . Only a really "not so smart person" can read my post and don't understand the context of it .
Komen
ChartArt
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Your trend trajectory for the S&P 500 looks like my idea from before the crash (which became true):
ChartArt
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When the current S&P 500 uptrend started three months ago I refreshed this idea from May 2015 with a new chart. Which is also similar to you idea: