In the midst of the potpourri of confusion that seems to be a constant fixture in today's market, let's simplify where we are to the Nth degree:
The support and price acceleration areas of yesteryear (2020-2021) have turned into the resistance and price deceleration areas of today (May 26th, 2022).
This is a big problem for the markets until it tells us otherwise.
A move to 4100 was expected as outlined this past weekend's edition Turning Points:
Simplicity reigns supreme during the most confusing of periods.
Simplicity in the current circumstance is selling the rallies until the market tells us otherwise.
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