warning signs

Failed support line S1 and now testing S4, again indicative of the weakness and topping structure.
S/T long position stopped out at 1874.

Will we see a last gasp move back up?

The sort-term time price symmetry structure seems to be playing out perfectly here, and if I'm correct we still need to see another wave up before this structure is done with the possible end date around the 19th.

However, the 65-70 day pulse is due to expire from now through May 14 and this may be enough to start a move down.

Chart of S&P500 for 7 May 2014

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