S&P500 Choppy Previous Week - Potential further declines

2020年5月17日

Price has been range bound now for the last couple of weeks and I wouldn't be surprised if we move lower in the coming week, falling into the 2700 handle as The SPX failed last week to create new highs. I think the market needs a strong catalyst to break the most recent high around 2900, however I wouldn't add a any new positions until we break the 3000 handle. Alternatively I think buys will look good around 2700. My overall bias for the marker remains bullish!