S&P 500 index gained 0.8% on Thursday, as it broke above its week-long consolidation. Will it continue towards new record high? Is holding short position still justified?

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S&P 500 index lost 0.2% on Wednesday, following relatively strong intraday move up. Will it extend its short-term consolidation even further? Is holding short position still justified?

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S&P 500 index lost 0.3% on Tuesday, following Monday's move up. Will the market break above its short-term consolidation today? Is holding short position still justified?

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S&P 500 index gained 0.9% on Monday, as it retraced its Thursday's decline. Will it continue higher? Or is this just consolidation? Is holding short position still justified?

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S&P 500 index lost 0.7% on Friday, as it extended its short-term downtrend. Will it continue lower, or is this some short-term bottoming pattern before an upward reversal? Is holding short position still justified?

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