Bear Market Over
SPY broke downtrend and is pulling back to test trend. May pull back to 398 and then proceed to go up from there. Additionally, the daily chart is showing an inverse H&S pattern. Expected upside is 460 within 110-120 days. Expecting FOMC to be neutral hawkish for the pull back and ER to be solid with guidance to pick up Fed remarks. Also expecting the 25 base point continuation for next couple of Fed meetings.
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