S&P 500 Closed back above rising trendline and back above the Cloud.
The Shoulder-Head-Shoulder S&P500 that were under development seems to have been demolished by the Index close yesterday above 4,459.
The key support 4,340 where not broken meaning the SHS pattern where never confirmed.
S&P 500 has now resumed to uptrend.
However, RSI is still showing negative sentiment and needs to close above 60 to change that.
If RSI does close above 60 there is more upside potential for S&P500. Potential to test July high at around 4,607
If RSI is failing to close above 60 S&P 500 could slide back towards key support at 4,430