The S&P 500 May Retrace
Initially extremely bullish at those lows, this rally has some internal qualities that smack more of a massive short squeeze and mere bear market rally, rather than a genuine bullish rally.
This may begin to retrace off a lower high—even though we're close to a new ATH, I'm doubtful that it can make it.
If this retraces, the initial target will be this trend line.
This may begin to retrace off a lower high—even though we're close to a new ATH, I'm doubtful that it can make it.
If this retraces, the initial target will be this trend line.
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