My preferred view of SPX & SPY for the next couple of months- I think we've bottomed around the $4220 level, and will see continued bullish price action for the next few weeks. However, I also notice a significant area of resistance around the $4450 level, that I highly doubt we'll be able to claim and move past.
I'm still macro bearish for now, until proven otherwise, but I do think we'll see a decent recovery/rally in the coming weeks.
I'm still macro bearish for now, until proven otherwise, but I do think we'll see a decent recovery/rally in the coming weeks.
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