S&P 500

After a series of doji patterns over the last few days, where the difference from the open to close is very small, we see a reversal in price action downward. This could mean a minor wave iv correction back to the 20dma at 3315 or a consolidation like in a triangle before the next move higher. The speed of the moves has declined considerably as volatility is normalising. So big single day moves are behind us. The advance will continue at a slowed down pace here on.