S&P 500 may go sideways but ultimately it will go down

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See the notes on the chart. The S&P had its shot with the vaccine rally, but could not hold. At this point, it looks like there is too much resistance to go any higher. The key to look for is if it breaks above the resistance (red/black) or breaks down below the dark red (brown) support.
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Chart PatternsDJIIVVNASDAQ 100 CFDSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend Analysis

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