S&P Recovery - 10% So Far

The S&P 500 continues to recover from the recent declines that started at the
beginning of the year. From the low in February, price has climbed up 10% so far.

A few weeks ago price moved back above the 50 simple moving average, which
turned from resistance to support.

The market looks a lot different than it did while it was falling during January and
February, when everyone was calling for a market crash.

This did not unfold and instead, we are seeing a recovery taking place. To be on
the safe side, before we confirm a trend continuation, we need to see price break
and close above the all-time high from January 3rd 2022 at $4818.

Patience is needed for now.

See below for more information on our trading techniques.

As always, keep it simple, keep it Sublime.