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To: Les H who wrote (28043)	8/4/2023 9:57:16 PM
From: Les H	Read Replies (1) \| Respond to of 29600

The S&P 500 (SPX) has decidedly turned lower. The current weekly assessment is to see the SPX as shown by the above 4 hour chart draw lower towards the 4416.79 TDST Support level as the active TD Buy Setup approaches a 9 count. This is scheduled during the July CPI release on Thursday, August 10th. The SPX should locate a bottoming process near the 4416.79 level and suggest a bullish retracement is in order. Depending on the retracement’s strength, that can provide a narrative if lower lows are ahead in the coming days. Risk management factors are if the SPX manages to break above the 10 and 15 minute TDST Resistance level at 4539.57 and 4535.03 early next week. That’s an indication the SPX is about ready to reach higher highs. The other factor is if the 4416.79 level is broken during next Monday or Tuesday’s trading session, that’s a signal a multi week correction is beginning. tradetrekker.wordpress.com