Current Technical Setups On The Emini S&P

The latest minor trend in the emini points to a downward reversal on June 21, so the short-term trend is lower. Things get a little more complicated when you are looking at the bigger picture and trying to figure out whether this market is going to make another leg lower or continue with the trendline breakout to the upside.
This is where trading skills are very important. It is likely that the technical picture could evolve multiple times before we get a clear movement. Steadfastly sticking to an opinion even though the technicals change in a new direction is a recipe for eventual losses. (more)