$SPX short term bullish - but mid term bearish
I think the next several weeks we'll likely get a relief rally back to 6750-6850 as CTAs try to reel retail back in, but then we'll rollover and break the November lows again. This will form a head and shoulder pattern going into May/June which should play out and give us at minimum a pullback to 6060 or so.
Press some longs shorter term, but be careful here. Higher oil prices and sticky inflation will push us down hard in the summer IMO.
SPX
Alpha
0.29171
-2.66%