In long term on weekly graphic the uptrend is continue with 45⁰and there is no signal for change.
On daily graphic,in the last 40 period there are three unsuccessful attempts for break at 2039,2040,2041 matching with 50% Fibonacci level.There is a clear range between 2114.The range narrow around 50 period MA,approaching triangle.Indicators show a waiting behavior among participants.
Ultra short term trading is highly risky. Important incentive for passivity expectations for data retail sales in the US, and the publication of reports of two banks - first rating JP Morgan Chase and Wells Fargo.
Short-term is likely to continue up to 2110 levels. It is possible to wait for the correction for new aggressive short at 2050 with a close stop above 2116.
4-hour chart confirms the formation of a smooth upward movement with periodic adjustments up to the average.
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