S&P Futures monthly chart review

H2 forming now should get triggered above 5777
Likely find resistance around 6000 and then an attept to go down
More likely sellers above and another leg sideways to down
The May bar right now is a bull bar, and likely to trigger the H1
but the last bar is a terrible buy signal.
The last bar is a non-overlapping BO & PB in the same bar
Remember that the monthly bars typically form their final shap
in the last week or so. Just like last month started as a huge
bear bar, it was very unlikely to extend or to finish as a big bear bar,
thei month's bar is unlikely to close as a strong bull bar.
That being said, bulls have good momentum in the lower time frames.
I think we go above high of prev month and test gap and overlap
and test the bearish Breakout beneath the bear doji, a terrible
sell signal. So llok for resistance around 6000 for sure.
The 5% pullback level will act as resistance as well.
Bars with big tails are typically followed by bars with tails in the
oppostie direction, which is what I expect for May.