The US stock market continues to lack follow thru.
When an upside breakout is "threatened",
sellers move in and push price right back down to support,
where short term buyers step in, and try to push prices higher again.
But little is accomplished.
Trading volatility continues to rule the day.
Nothing decisive in either direction.
It appears the market is waiting for this Friday's jobs number
( Market is Closed on Friday) and next Tuesday's March CPI,
before deciding where it really wants to go.
In the meantime,the S+P 500 broke chart support this morning at 4090,
in a chart pattern that "continues to look like a broadening top"
Additional S+P 500 Support now is found at 4080,
with more important "Intermediate Support being found at 4050.
Chart Resistance is now at 4090, and 4110
One thing to note, the KST Indicator has rallied all the way back
to slightly above the 0.00 Line Current Reading+ 1.21
which could support the idea, that a lot of mojo has already been used up,
and that the next major move in the stock market,.. could be down.
SPX NOON OPEN 4083.78
THE_UNWIND
WOODS OF CONNECTICUT