The SPX saw a net March decline of -342pts (5.7%) at 5611, having printed a low of 5488.
Whilst the s/t outlook is bullish (5820/5840 zone), monthly momentum will turn negative as of April 1st. Further, March saw the first settlement under the monthly 10Ma since Oct’2023. The market is to be seen as m/t broken from 6147.
On balance, I’m looking for net downside into October… at least to around 4800.
Yours… charts 24/7/365