Wayward_Traveler

Short term prediction

SP:SPX   S&P 500 Index
This is the bounce off the first test of -20%ish decline. I expect a +5% move to happen fairly quickly, then a lower retest near Fed announcement, then a slow retrace to roughly -10% from ATH before the next leg down.
Comment: One variable to consider is the month of May. Usually lower upward strength, so it's possible the slow upward grind starts now, and we won't see much real volatility until quad witching in June.

GL everyone! Be sure to protect yourselves, your families, and your friends in these trying times :)
Disclaimer

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.