Weakening S&P or consolidation pattern

17 במאי 2020

Sellers continue stepping in at 2955, indicating a weakening SPX. A retest at 2725 is probable, and a retest at 2635-2600 is possible. Or we entered a consolidation phase since we've tested the ceiling of 2955 and the floor of 2795 twice. If the base is more bullish 2955 will be broken. Either way, we are approaching a decisive moment. Continue stacking sandbags.