SPX500 trend analysis, directional bias and my buy trade idea.US SP 500 CFDFOREXCOM:SPX500Trader_LovexUntil now, the S&P 500 has been bearish in its internal structure, but the index's overall direction remains extremely bullish. However, price has now swept (taken out) the most recent external Low following the current internal retracement. That's an indication of exhaustion in the current internal bearish momentum; hence, I anticipate a bullish reversal to the upside in continuation of the overall trend of the market (bullish).