S&P 500 Dead Cat Bounce has Legs?

The ES1! is at a pretty interest juncture from a technical standpoint, with confluence at the 50% Fibonacci retracement and April downtrend under pressure

A convincing upside break here could precipitate a push to challenge another key area of confluence with the 100-MA and 61.8% Fib retracement, and psychological resistance at 4,300
chartChart PatternsS&P 500 E-Mini FuturesFibonacci RetracementmovingaveragepriceactionS&P 500 (SPX500)StocksTechnical AnalysistrendTrend AnalysisWave Analysis

Disclaimer