Looks like setting up for lower prices and medium term bottom later this month

From the last post, the stock market did moved up slowly but turned down by late April. Did reach near short term oversold last week but the two day rally that followed was brief and I see the trend to continue down for the coming weeks due to internal weakness (individual stocks being weaker than the major indexes.) As the chart illustrates, I will look for the SP500 to fall toward to the 2060 or lower levels before we see a medium term bottom setup for a rally back above the all-time high level of 2125.