SP500 Short term - back to trendline

SP500 broke a trend line and now the retest is running on. In next few days I would expect movement back to default trendline which was set in march. I dont believe we can expect movement ''back to normal values''. Retesting supports would be the best what could happend and all this movement seems to be like a temporary bottom.

I tried to sketch the pattern though the EW - I dont say this is a valid count

Follow me on twitter: @realMarketMage

Trade geschlossen: Ziel wurde erreicht