MicDrop5

SPX Is Testing Major Resistance. Why I'm Not FOMO'ing.

MicDrop5 Updated   
SP:SPX   S&P 500 Index
Everyone is bullish right now. And yes, the SPX could moon to 4700. But here's why I'm exercising caution now.
Comment:
Weekly closed above, so I'd now expect a pullback followed by further rally. Eventually, however, I would expect a re-test of 3637.
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