S&P 500 index slightly extended its short-term decline yesterday, before bouncing off support level and closing virtually flat. Is downward correction over? Is holding short position still justified?

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S&P 500 index lost 0.6% on Monday, as it retraced its last week's rally. 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 lost 0.1% on Friday, as it continued to fluctuate close to its new all-time high along the level of 2,300. Is this a topping pattern or just correction before another leg up? Is holding short position still justified?

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S&P 500 index lost 0.1% on Thursday, as it bounced off 2,300 mark. Will the rally continue? Or is this some topping pattern before downward reversal? Is holding short position still justified?

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S&P 500 index gained 0.8% on Wednesday, as it extended its rally after a breakout above an over month-long consolidation. Will it continue even higher? Is holding short position still justified?

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