Spx has been bullish for most of the 6-30 week. today it pushed past its market structure held at roughly 3150. While most would be expecting a retest and the start of an even more bullish momentum, looking at the 4hr and daily chart can provide insight to the fact that we are just in the top of a very large retracement. in the past month price has not risen above 3150 and stayed there for more than 6 hours. So expect a bearish momentum and expect it for a week or so.
If anyone disagrees i would be happy to hear your perspective
If anyone disagrees i would be happy to hear your perspective