I hate to wait for this much!!!
I have been expecting to see 2100 for SPX in the first week of April.
That never materialized.
But just check out Monthly candle now, on the first day of May. It beautifully pulling back off the EMAs and on weekly a nice shooting start on the following markets:
There is no sign of strength...
It has been weeks that stocks grinding higher and no longer we see the correlation between stocks and oil.
OIL reached -35 and stocks are about 15% away from the all-time high. This is crazy …
Also, stocks and COVID stats no longer are correlated.
Looking at weekly candles I suspect stocks to fall in the coming week(s). That means it is also unlikely to see...