ES 5070 is a key level that needs to hold. If not, may head back to 5045 or 5030.
SPI now coming down to potentially form a right shoulder. I was hoping this drop would happen sooner, because now we have an up-sloping neckline for the inverted H&S, which is not great. If the H&S does breakout, the the target could take us back to ATH. So it sort of lines up, but will take a few weeks to unfold (May 3 breakout and May 8 target). That would be the most bullish scenario. If the H&S doesn't form, then everything changes obvioulsy.
