S&P500 D1 - Stocks to climb
S&P500 D1 - US stocks starting to climb off the back of recent events, mainly the inflation turnaround and confidence in rate hike performance. Typically we see the dollar fall as the US stock market gains, or vice versa due to negative correlation. Risk on/risk off cycles in effect, largely influenced by global and regional macroeconomics when concerning the USD. We have indicated major support targets of 330/3300, but this may not come into play. 15% gains in the last month since the latest low.
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