sp'daily5
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Summary
A bit of a messy day, but the daily charts offer more clarity than the smaller hourly/15min cycles.
In my view (when you consider the bigger weekly cycles), we are likely developing bear flags. If that is the case, we'll close this week somewhere in the sp'1825/45 zone - importantly, to remain under the 50 day MA.
The price action in many ways is similar to late January, and if Wed/Thursday is largely minor chop..it will form a very clear 5 day bear flag.
Downside next week would be from the 1840/20 zone...down to the 1770/60s.
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a little more later...