Market Update – Consolidation Process Has Begun. What Next?

12:12 PM ET The averages are consolidating at technical levels and at my original measured moves, like the S&P 5650 to 5700. NDX @ 200-day SMA   SPX @ $5650-$5700. In economic data… The ISM Services PMI increased to 51.6% in April (consensus 50.2%) from 50.8% in March. The dividing line between expansion and contraction…