MayP holds as resistance and clear rejection! Throughout May I have been expecting a move to the MayS1s.

4/30: "Now anything can happen, and perhaps things change back to bullish next week, but right now the stock indexes are shaky. Any index trading below its MayP will be subject to further declines and likely test the MayS1."

5/1: "So considering... AND... AND... AND... AND... It is possible that we just saw a major top."

There are others, but that will suffice. Anyway, today VIX closed above the MayP as well; though it doesn't quite have the "look of support" this is the 2nd time SPY has rejected the MayP as VIX has moved above. This "should be" a decent sell signal with the move down to MayS1s at minimum.

The tech set (NDX, COMPQ, NQ futs) are testing Q2Ps as I pointed out in the USA main indexes post over the weekend. This will be a big tell for the market.