May 26th Weekend Report

SPX - We discussed the break out from the down trend / triangle as bullish 2 weeks ago, but we really need some upside to increase the big picture bullishness.  An ICL in Feb formed and I'd like to see new highs within this intermediate cycle. This is currently a bullish set up, as discussed in the weekday reports.

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FRIDAY MAY 25th

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Thursday May 24th

SPX #1 - We saw the break out & Bull flag.  This was Bullish.

SPX #2 - Here I mentioned the GAP open, and the gap may need to fill first...

SPX #3 - Now we got our gap fill and then a reversal higher after the FOMC Minutes release, so ...

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