S&P 500 Apr 15 to Apr 19 Outlook

Recap
Market intervention on high gear. Y-0 cleared, immediate upside target Y+1 tagged and then cleared by force. Only until Y+2 was cleared and that 150% absolute range expansion has stopped the run. Closed the week below Y+2 and above midpoint.

Outlook
As mentioned in the comments on Dow. This is the end game for the long term bull cycle. The exact top will be difficult to determine as blowoff phase is very volatile. Non-leverage and low leverage players can scale in shorts from here for a decline of 10%. Daytrading and swing trading should be very careful with long positions as limit down is not out of the question.

This week consolidation around previous week close points to B-0 amd B+1 as boundaries.