SPX did indeed have a brief follow-through up to test 4164 before a prompt reversal. Has the look of an important reversal, especially when you take into account that Euro and DX are reversing as well. Some support at 4122 but I can’t be particularly excited about buying it for a bounce. I imagine the better counter-trend bounce trade is from lower, perhaps 4096 or 4078. Not clear what the micro count is so can’t lean on lower order form for better supports.
Euro reversing from a retest of the February 2nd high. Like SPX above, I don’t have a good sense of where this first swing down will bounce. The April 4th highs, which are near, one spot, another lower around 1.0970 which is a revisit of the start of the recent thrust up.
Gold also did a swan dive this morning in what can be the start of the long-awaited push down in (v). Sitting on support at 2007.60 as I type this.
Hope you all have a good weekend.