Chart of the day: Short term setup in S&P 500 (6/5/15)

- Yesterday’s moderately strong downtrend came within higher timeframe consolidation. This is still a market primed for a stronger trend move. Do not fade a break above or below key levels on the daily chart.
- Fridays can generate some strong trending action ahead of the weekend. Do not get caught fading trends in the second half of the day.