SPX Forecast - Further Consolidation with Slightly Bullish Trend

Vix fell slightly as SPX closed the week relatively flat. FMOC made it clear the Fed expects economic harm from current plans despite unwillingness to update guidance on rate cuts. Forthcoming April 2nd tariff war milestone will likely cause the market to simmer further in anticipation of the execution. Major tech earnings have concluded and the market enjoyed it's first week of relative stability since the historic 14 consecutive days of sell-off. All these indicate there may be little buyer interest at new levels prior to resolving looming uncertainty and could lead to further consolidation within prior ranges while maintaining the slightly bullish local structure.

Break below 5,615 would invalidate the structure and confirm continuation to the downside.