weekly update

Retraced as expected but shallow. Spx posed for " new" higher  to 1440 area (if broke 1424 the last high and Fib61.2), before a pause

Retreat before going higher

ES traded to the tick of Fib61.8, Spx not yet. Market expected to retreat at least to the low wedge TL if not an AHWB.

It may break up first (dont think it can go far though), before a sizable retracement.