S&P 500 whats next?
Update on the S&P after calling for a reversal at the 200 Weekly Moving Average back in December. Now the S&P 500 has exceeded my expectations and broke above prior resistances pretty easily. For the bullish scenario, I would like to see the S&P 500 to maintain support above 2700 and consolidate sideways to then breakout to retest the 2800 level. Any break below 2700 are Bearish signs and could lead to a steeper correction. But for now, expect minor pullback with some sideways movement in the short term. If you agree and like my analysis please like and follow will update again soon :)
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