Usually, if not most of the time, the first break above the #downtrend channel is a #fakeout move. So Im assuming the same is happening now.

The only thing that Im battling for now is that May 12th-19th is the next maj low or just an A wave of a bigger ABC down into the Jun low.

Or the June low will be a higher low, and the market will squeeze into a higher B wave into the August high.

Above 5787 $SPX and the ATH pathway could be in play.

$SPX #Earnings $NDX $DJI #Tariffs #MarketCycles #marketcrash #Tariffs $TRUMP $NVDA #recession #ratehike #correction #TrumpRally #Stocks #Oil #CL1 #energy #Stonks #VIX $SPX #StockMarket $SPY #SPX #SPX500 #DJI #YM #NDX #RTY $IWM $QQQ #Yields #Yield