Only two days left before a new monthly bar is printed. The monthly SPX chart below shows that April will be the first down month following 5 consecutive bull bars. The first correction following that type of persistent buying is typically short and shallow, and nearly always leads to new highs. {chart} We can see that last week was the first bull bar following three large consecutive weekly bear bars. Typically we’ll see at least a double bottom or one more leg slightly lower following this type of action. So maybe we see one or two more weeks up followed by a retest of last week’s low (which would also be in line ... (full story)