Turtles

An echo high yesterday.

The gap up into 2742 is met by selling down into the 2735 area which held support until late afternoon selling pushed the market down to 2725.

Although potentially just a minor pullback in the up trend, the fact that it occurred at the same price level as the previous high suggests sideways or downwards and a potential re-test of rising support.

Chart of S&P 500 for 23 May 2018

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