$S&P;500; UPDATE

$S&P;500; has been sustaining below (4,020) the level we discussed in our last review, which we did on 2nd,FEBRUARY !

We mentioned on a possiblity of a fake out move which took place above (4,101) and finally markets have confirmed that !

So our medium term view is still intact.
Recent PRICE action has been very sluggish but in our opinion this is a BEARISH consolidation which should result in further LOWS going forward !

We like markets which confuses the majority of institutional participants,
Things does get more intresting where street is equally divided on future Trajectory so far the decline from (4,195 to 3,930) has gone well with all participants !

There is no fear in MARKETS,
TRADERS are happy to buy this dipp
But we believe that wont be ann ideal thing to do !

because as per PATTERNS we recently got a (SQUARING PATTERN) breakdown on S&P cash ,
which can take it down till (3,760-3,800) in very short term,
Frankly it is short on TIME the fresh leg should resume anytime now may be as early as next Tuesday,
We are expecting test of (3,760) within MARCH,
Lets see,
upsides are likely to end under (4,060-4,100),