Prices almost invalidated the bullish set up early in the morning by testing the 2130 level. However, the low was at 2131 and we should see a bullish wave as soon as tomorrow. The big question now is whether the coming wave is really a W3 or another zig zag wave that will not be able to get past 2160. If prices fail to get past resistance, I am going to assume the market is just waiting for the elections to be over to make its next substantial move as earnings (which have mostly surprised to the upside so far) are basically being ignored.
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Short Term Trend = Bullish trend being challenged
Medium Term Trend = Bullish trend being challenged
Long Term Trend = Bullish