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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.