SPX WEEKEND REVIEW

The charts look very bullish in my opinion, but Bulls cannot be comfortable or complacent because it will take just one day of geopolitical event (which is going to take place) to cause serious damage and change completely the market dynamic due to panic selling. So if you are a bull, do not be heavily invested in the market, and take profits as often as possible. Risk only what you can afford to loose.

Bears/Perma-Bears need to trade what they see not what they want or hope for. They should not try to make the charts say what it's not saying by reading their minds into the charts, because the charts will make you see what you want to see.
They should also avoid analyzing geopolitical occurrences as technical predictions. It will likely lead to failure because rapid drops often lead to strong rise. A Bear/Perma-Bear should hope for a steady drop for that is the sign of strength. Very fast or slow moves are signs of weakness/reversal not continuation.

Swingtraders should play what the charts say and just hope they are in the right side of any geopolitical event. That is really all they can do. They should avoid being heavily invested in either direction but should risk more on bearish than bullish trades in case a geopolitical-induced selloff takes place. Also take profits often (especially profits from bullish trades).

GLD (gold)-DAILY

SPX-WEEKLY

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME