Sp500

Be careful around 21-22 March

There is a convergence of harmonic levels between 5230 and 5161 with current price just on the upper band . If you are already long the Index it may be a good time to take profits but I would be cautious about taking longs around this date . There are two things that could happen. If 21-22st Mar turns out to be Top we could be down till Apr 3rd so keep a close watch on price holding below the 21st - 22nd . If this point gets taken out and we trade above 21-22 we could be up till Apr 6th so the next two bars should tell us how the market is setting up and if its going to move lower so be careful around this timeframe as it could be a trigger point for reaction.