After that humongous daily GREEN candle, the markets have been pulling back, testing the resolve of bulls to bear some pain, buyers' remorse, and the courage of bears to step in. Yesterday's SPX daily candle could be interpreted as bearish, still not able to test the 200ma level, and lost much of the earlier gains during the day.
Once the daily SPX close is above 2708 then I am still bullish. An hourly close below 2717 will be a warning sign for the bulls.
It could be many will not risk a G 20 disaster for Trump/China Trade talks.
Downward pressure on Crude is not bullish as many seem to think, including Trump. Crude below 50 is not good for the booming US energy industry. And, then there is the probe, Russia/Ukraine, Brexit, Italy, etc