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fightingdragons

SPX: Bounce at Apr 2021 gap (4022-4033)

Long
S&P 500 Index (SP:SPX)  
fightingdragons  
SP:SPX   S&P 500 Index
Trend Analysis S&P 500 (SPX500)
2
0
trendanalysis spx500
Rationale for bull case:
1. Extreme bearishness - worse than March 2020 levels
2. RSI near oversold
3. FOMC meeting on Wednesday, sell on rumor, buy on news. 50 basis points hike priced in.
4. Peak inflation likely to be reported
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