Introduction
This article is an update to the view that we expressed on this website during the past few months. We concluded on October 16th, 2018 that a larger cyclical correction commenced for US equity indices. Our last write-up deduced that the most recent rally from the December 2018 lows is probably a bear market bounce. We approximated it to fade within the 2,685-2,785 index points cluster. The S&P 500 index extended roughly 1% above our projected area. Nevertheless, the technical picture has not changed. Evidence suggests that US equities bounced within a