Following the February decline, risk markets consolidated with an upward bias, as expected. So far this consolidation is very technical, and is stalling at just the right places.
This is a daily chart of the SP500, with projections carried over from the previous post. I expect the market to move sharply lower very soon, perhaps later on today (Friday) or on Monday.
This is a short-term picture - SP500 on a 15 minute chart. Some more upside is still missing, but "heightened vigilance" is warranted for any signs of a top.
