Wednesday May 31, 2017:
S&P 500 ($SPX) trading perfectly here as it should in its current state of a the final cycle in a secular Bull Market!
The big move up on volume last Thursday and yesterday’s pause just under the previous 2418.67 high to go as low yesterday as 2412.19 and trading in a extremely tight range set up the predicted low volume retrace back down to 2405.59 (former support before 2405 resistance was broken last week) Now it’s acting as support.
2418.67-2405.59 = 2434.24 to get through 2430 next.
Perfect action here intraday!
Strongly Consider adding to current long positions
More to come….