S&P 500 index slightly extended its short-term downtrend yesterday, as it lost 0.2%. Is this a new downtrend or just downward correction? Is holding short position still justified?

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S&P 500 index lost 0.3% on Tuesday, as it extended its recent move down. Is this a new downtrend or just correction within four-month long uptrend off November low? Is holding short position still justified?

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S&P 500 index lost 0.3% on Monday, as it extended its short-term move down. Is this a new downtrend or just quick downward correction before another leg up? Is holding short position still justified?

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S&P 500 index gained 0.05% on Friday, as investors remained uncertain following Thursday's move down. Is this a new downtrend or just quick profit-taking action before another leg up?

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S&P 500 index lost 0.6% on Thursday, as investors took profits off the table following Wednesday's rally to new records high. Is this a downward reversal or just correction before another leg up?

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