SP500 is showing some clean price action compared to US30. An area of confluence can be seen at the Fibonacci 50% retracement level. If this bias holds, then we could see the SP500 create new highs in the upcoming weeks. Currently, we do have some higher timeframe candles showing a consolidated area that will eventually brake. Let's keep track of this one and update as needed.
Comment:
Analysis still in play as discussed.
Comment:
This analysis is complete. To the T