S&P facing resistance

845 is the apex of these three lines. I predict a decent move down in the short term (1-3 days) and in the mid term (3 weeks).

I'll revisit this post within those timeframes and evaluate my trend-line-drawing skills.

If I'm wrong, a 1-2 percent move above 845 will persuade me to get long. Note, as time goes on, the sloping, longer term downtrend gets lower, and the mid-term uptrend gets higher. The S&P is going to have to make a decision. Where does the real strength lie? I put my money with the bears.

disclosure: long SH (short S&P)