The short term and potentially the intermediate trend is up as the S&Ps have begin 1-timeframing up on a weekly basis. Notice we are back within a prior 2 week balance. Taking out 1407.50 targets the Gap above between 1415 and 1410.75 - see daily RTH chart below.
Monday delivered an Inside Day with the S&Ps settling between 2 Gaps. I am viewing the last 2 days as Balance - Be prepared to "go with" a break out from Balance. I will post any observations from the Profiles in the morning after looking at the overnight trade.
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