SPX Daily cautiously bullish. Recommended ratio: 70% SPX, 30% Cash. *The US Dollar (and treasuries and bonds), energy and commodities take a tumble as equities and crypto get a boost from a lower PMI and a successful Federal Reserve bank Stress Test with hopes that inflation can start to slow down before the Core PCE report due on 06/30/22. All things considered, this is still just a technical relief rally (with just a bit of room to run) until it crosses certain levels in a sustained fashion.* Price is currently trending up at $3795 as it aims to retest the lower trendline of the descending channel from August 2021 at ~$3900 as resistance. Volume remains moderate and has favored buyers for four consecutive sessions now, indicating that there is significant support at $3706. Parabolic SAR flips bullish at $3938 minor resistance, this is mildly bullish at the moment. RSI is currently trending up at 41 after testing 38.06 support and bouncing, this reconfirms that the uptrend line from 01/27/22 is still intact; the next resistance is at 52.68. Stochastic remains bullish and is currently trending up at 37 as it is currently breaking above 18.32 resistance; the next resistance is at 48.08. MACD is currently trending up slightly at -100 as it looks to complete a trough and break above -86.76 to form a bullish crossover; the next resistance (minor) is at -76.22. ADX is currently trending sideways at 27 and forming a soft peak as Price continues to push upward, this is neutral at the moment; if ADX can begin trending down as Price continues up then it would be bullish. If Price is able to continue higher then it will likely retest the lower trendline of the descending channel from August 2021 at ~$3938 minor resistance. However, if Price breaks down here, it will likely retest $3706 minor support before potentially heading lower to test $3508 minor support. Mental Stop Loss: (one close below) $3706.