Intraday Market Update:
The S&P 500 is showing only minor consolidation after paring earlier losses (-0.7% at lows) on stronger-than-expected economic data. With no confirmed sell signals and resilient price action, the path of least resistance remains higher. While a deeper pullback could still happen, sustained weakness looks unlikely this week. I’m looking at a retest of last friday’s highs, then 5,700 (breaking open could lead path to 5,750-5,800 resistance). Immediate Support at 5,566.
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