SPX Update 25.04.2017

Following some selling off over the past few weeks we can now see that price has broken above the downward trendline, indicating a potential continuation of the longer term uptrend. We haven't seen a solid retracement on the weekly chart, however it may just be enough for this market to surge forth upwards. In any case, a limit buy order above the mentioned trendline would've have opened a continuation trade in the direction of the longer term trend.