$S&P 500(.SPX)$
Price below short term trend ✅
Upside momentum decelerating ✅
Breadth Negative ❎
Despite a negative close on all three indices, more stocks made new highs than new lows.
2/3 criteria ending Thurs May 30
If the S&P 500 remains below 5245 and breadth paces for a negative close I will position short into the weekend. Initial targets for this trade will be 5100 - 5000.
Greater detail, context & charts issues for Sunday morning longer format post + letter.
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