Some say that markets are not allowed to go down any more. Many PMI figures will be published today, as well as new houses selling numbers. As usual, there will be plenty of comments about how markets have gone up or down by a tiny 0.x% because investors like or disliked the numbers. Which is absolutely ridiculous, it is just noise commenting! You should always look at wider charts and understand the underlying movements!
S&P kagi line is still yang so it is no surprise we are still in up market.
There is a divergence between Williams A&D and its momentum just below, but it is just a warning, no action needed for now. Your stop should be around 2960 and you would better go out and enjoy the sunshine!
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