June is now the front month.
Resistance to the countertrend rally is obvious and technically consistent with the major Fibonacci retracement levels.
This is a little too 'pat' for our taste but let's see what happens.
“Modern tyranny is terror management. When the terrorist attack comes, remember that authoritarians exploit such events in order to consolidate power. The sudden disaster that requires the end of checks and balances, the dissolution of opposition parties, the suspension of freedom of expression, the right to a fair trial, and so on, is the oldest trick in the Hitlerian book. Do not fall for it.”
Timothy Snyder, On Tyranny