The week of the 27th was a low on a closing basis, we should now rally into the week of the 11th which is also a directional change so we can make a intraday high and then turn down.. week of the 18th is a panic cycle. There is no panic cycle this month, but we do have a Turning point in June.
Directional changes usually indicate a change in direction but can also be a fast one way move.
I gather that's the "ideal" scenario but for the week of 18th it can also panic into a high instead of a low into June? Pretty hard to trade this unless one has the pro level.
Using TA for SP500, the 200dma is not far off. Looks like we are retesting the high of 2953 in the next couple of days.