I had 2 criteria for the trend to turn down:
1. The daily SPX trends turned down below 1194 SPX channel/TL support, but that hasn't happened yet for the NDX, which is usually the market leader.
1. The daily SPX trends turned down below 1194 SPX channel/TL support, but that hasn't happened yet for the NDX, which is usually the market leader.
2. We decline more than consecutive 2 TD, something we have not seen since 2/5 Lows.
Shorter term, we should make a 4/27-28 Low, bounce into 4/29-30 Highs and decline into 5/3-5 Lows. Trend is generally down into 5/3-5 Lows.
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