S&P 500 index gained 0.2% on Wednesday, as it retraced some of its Tuesday's sell-off. Is this an upward reversal or just upward correction within a new downtrend? Is holding short position still justified?

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S&P 500 index lost 1.2% on Tuesday, as investors took profits off the table following five-month-long rally. Is this just a downward correction or new downtrend? Is holding short position still justified?

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S&P 500 index lost 0.2% on Monday, as it retraced some of its last week's move up. Will the uptrend continue? Or is this some topping pattern before downward reversal? Is holding short position still justified?

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S&P 500 index lost 0.1% on Friday, as investors continued to hesitate following last Wednesday's Fed's interest rate increase. Will medium-term uptrend continue after three-week-long consolidation? Is holding short position still justified?

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S&P 500 index lost 0.2% on Thursday, as investors took short-term profits off the table following Wednesday's move up. Is this a topping pattern or just consolidation before another leg up? Is holding short position still justified?

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