Upper range of relief rally lo

Upper range of relief rally looks to be met this morning — right on cue at the two week mark.

So long as price trade between 5150-5000 range I will be of the speculation that the best of the relief rally is over and the decline that started in April is set to resume in May. Target remains 4800 and 4500-4600 under a more severe outcome. $S&P 500(.SPX)$

@tomthetrader1：.SPX: What's Going on Next?

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So long as price trade between 5150-5000 range I will be of the speculation that the best of the relief rally is over and the decline that started in April is set to resume in May. Target remains 4800 and 4500-4600 under a more severe outcome. <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> </body></html>","htmlText":"<html><head></head><body>Upper range of relief rally looks to be met this morning — right on cue at the two week mark. So long as price trade between 5150-5000 range I will be of the speculation that the best of the relief rally is over and the decline that started in April is set to resume in May. Target remains 4800 and 4500-4600 under a more severe outcome. <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> </body></html>","text":"Upper range of relief rally looks to be met this morning — right on cue at the two week mark. So long as price trade between 5150-5000 range I will be of the speculation that the best of the relief rally is over and the decline that started in April is set to resume in May. Target remains 4800 and 4500-4600 under a more severe outcome. $S&P 500(.SPX)$","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/303141381099568","repostId":297900614369280,"repostType":1,"repost":{"magic":2,"id":297900614369280,"tweetId":"297900614369280","gmtCreate":1713750323548,"gmtModify":1713853007449,"author":{"id":4159926202661862,"idStr":"4159926202661862","authorId":4159926202661862,"authorIdStr":"4159926202661862","name":"tomthetrader1","avatar":"https://community-static.tradeup.com/news/7e296cba5c129d051f2a4b696084b92c","vip":8,"userType":8,"introduction":"I manage my portfolio primarily through the lens of technical analysis— drawing lines on a chart. \n","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":162,"starInvestorFlag":false},"themes":[{"themeId":"9e559fd3342d4f4c8061377d2bbc1216","categoryId":"7a15628ce2174325bddc6229505e0d70","name":"Rate Cut Delay: Will S&P Drop Below 5000?","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":9e559fd3342d4f4c8061377d2bbc1216}&rnconfig={\"headerBarHidden\": true}","description":"Federal Reserve Chair Jerome Powell said firm inflation during the first quarter had introduced new uncertainty over when and whether the central bank would be able to lower interest rates later this year.\n------------------\nWill S&P 500 drop below 5000?\nIs a short term correction or the end of bull market?","image":"https://community-static.tradeup.com/news/13e199fc7b96c43f7ed4de00498b5558"}],"images":[{"img":"https://community-static.tradeup.com/news/7773933fddefcba7b6530ef109f48093","width":"900","height":"900"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/7773933fddefcba7b6530ef109f48093","width":"900","height":"900"}],"title":".SPX: What's Going on Next?","html":"<html><head></head><body> <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> thoughts: I like to think that the most effective corrections often involve a phase where the majority of participants are convinced it has reached its conclusion. In the short term (1 - 2 weeks) a relief rally that progresses towards the range of 5050 - 5150 would have this effect.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/7773933fddefcba7b6530ef109f48093\" tg-width=\"900\" tg-height=\"900\">ImageFollow me to learn more about analysis!!https://twitter.com/tomthetrader1</body></html>","htmlText":"<html><head></head><body> <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> thoughts: I like to think that the most effective corrections often involve a phase where the majority of participants are convinced it has reached its conclusion. In the short term (1 - 2 weeks) a relief rally that progresses towards the range of 5050 - 5150 would have this effect.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/7773933fddefcba7b6530ef109f48093\" tg-width=\"900\" tg-height=\"900\">ImageFollow me to learn more about analysis!!https://twitter.com/tomthetrader1</body></html>","text":"$S&P 500(.SPX)$ thoughts: I like to think that the most effective corrections often involve a phase where the majority of participants are convinced it has reached its conclusion. In the short term (1 - 2 weeks) a relief rally that progresses towards the range of 5050 - 5150 would have this effect. 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