S&P500 update

It's been a while since I posted on S&P. The worst news for the bears is the red channel which has been broken upwards rathen than down. The upper resistance band after this break was tested twice which I showed within the ellipse. Unless the prices do not go back into the red channel the green channel is in charge here. The upper resistance of that channel was also hit 4 times. Still no good news for the bears unless both of these channels are broken down. Hope it helps.