SPX Has Entered Into A Bearish Chop Zone.

Today was a great day if you were a bear. Not so if you were a bull.

Zooming in on the 4hr chart in after hours we have a candle or bar closing near the middle. This indicates indecision or buyers coming in with large enough orders to stop the selling and prop up price. To me we could have some wide price swings in both directions as this battle plays out. Be very careful if you plan on navigating into these choppy waters as your small craft could be swamped during this battle.
Smaller TF's up to the 4hr are bearish and daily is about to join the party possibly in a day or two. Until daily gets involved avoid having a convinced bias on direction and except wind direction one day at a time. Market is liquid and can and will change when you least expect it as did today. Staying with 4hr as a compass for direction is the smartest play for trend followers who day trade and swing trade.
My thinking is we are going to see both directions play out likely into June, maybe by then Bears will pull the rug. I see a inverted head&shoulders on monthly but that has yet to play out and even if it does which would be a good trap we won't get to 2022 Jan highs. If for some reason we do, we just play the game according to what we see on the charts and sleep with both eyes open.

Best of luck in all your trades and trade smart. Have a plan ,have a emergency exit door at all times when you enter the games floor.

Cheers!