Risk is growing higher & higher as SPX is taking too much time consolidating
Risk is growing higher & higher that the 2-month impulse up from the April lows is already complete as $S&P 500(.SPX)$ is taking too much time consolidating.
Price is at 5966-5937 support, but a Daily close below 5937 and/or cross of 5913 would send a short signal that the higher degree pullback is unfolding.
If so, that should lead to 5850-5700 support before attacking ATHs/6500 in Q3/Q4.
While above support, a new high is possible, I am just less confident in that now as it should have broken out already.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2509(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2509(NQmain)$
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