After a day off in Wall Street, trading resumed with some selling pressure that intesified during the afternoon, as measured by our buying/selling index and our capitulation index. Finally, the S&P 500 didn’t challenge the low 2700 and a correction/consolidation may have started that may correct the swift advance since the bottom reached on the 26th December 2018. This corrective process may work out the global overbought conditions that arose recently. The shape and the magnitude of the correction has to be observed closely and it is too soon to set up targets.