SP 500

Last week the price rebounded very impressively from the 1*1 Gann Angle downwards.The next and relatively powerful support is 1037, which was tested very timid yesterday. If this week closes underneath we would have a significant medium term sell signal, that would lead the price to the first sell target at 1000 to 1008. If we rebound next two trading days from the neckline, then could see the right shoulder, and even above-1150. All depends on the next few trading days.