Update on the markets. Break out coming! Will it be a fake out?!S&P 500SPCFD:SPXJuvenalGomezIn this video I go over with my subscribers my levels of support and resistance and my out look on the markets. In summary: in the short term we are into a technical area of resistance, and we have a negative divergence on the SPX that hasn't touched the trend line on the RSI. Were thinking that it will touch it implying that we do get a break out, but with the RSI divergence and the 10Y bond making a bullish candle print holding the parallel its telling or giving hints that the 10y wants to go higher soon. Also if we add our 2 month parallel from our bigger time thesis videos, the middle part of that parallel is of great significance here in this channel because its what has been helping us call out major correction moves with accuracy. The chart pattern is there, who are we to say that this time is different? We follow the pattern until its broken! That level comes with a 12 year divergence on the 2 month chart and also the stochastic on max and money flow indicator at critical levels. In the video we say that we do get the break out but hypothesis that it will be short lived as it will run right into a significant level of resistance ( the middle part of our red parallel from the 2 month chart videos) To be clear I do have longs I'm still holding but I'm getting more interested in slowly inching in with some shorts! But they must be at critical levels or have multiple factors to even think about starting to short them.