S&P 500

ESZ20

In the  S&P use the 3474.00 major Gann square as the swing point for now, above it they go for new all-time highs and the 3690.00 major Gann square. Below 3474.00 is negative, but it will have to take out 38.2% of the move up at 3411.00 to say a top is in for now and the target area is the 3266.00 major Gann square and 23.6% (3254.00) back to the 3/23/20 low. On any break from 3474.00 that does not get below 3411.00, look for a sharp rally back to the highs.