Possibly. Either way we should either arch down here, pull back, or stall in some form.
Breakout upwards is highly doubtfull.
This is about what I have originaly expected from this rally and the objective has been acheived. On top of that sentiment has improved significantly. Lets see if sell in May and go away works this year.
All that said the daily chart is still in a strong uptrend, but MCO is erroding and internals are weakly.
