As described in the latest “Stock Index Cycle & Trend Momentum Report,” our projection for the SPX this week is for it to rise to 2700-2709 before ultimately rolling over. This will be followed by a period of risk that will continue into the second half of May. As we explained in our Big Picture Analysis on YouTube, we see the period from May to July as a period of high risk in the stock market because the declining phase of the current intermediate market cycle will conclude during that time.