SPX should be on the verge of a bullish breakout. Theres a lot of things going on right now in Macro, Technicals and Fundamentals.
1. Risk management: Make sure if you take on this idea you have stops in case of failure. Nothing is 100%
2. Massive Inverse Head & Shoulders: Could be a powerful move here on a break over 4200
3. FED is close to done hiking. One & done or two & done; they are nearly done. This news should see a bullish reaction.
3. Momentum has signaled a buy, and these tend to be powerful moves. Projection forecast shown in grey. Targeting minimum 4400 but can go higher to 4500.
4. I expect small caps to start breaking out ass well. Russel 2000, IWM, or if you feel more risky to play individual names. I have a few that I like that are currently growing over 50% per year. I feel better being in the ones with high growth, in an environment that has absolutely hated and destroyed small caps.
1. Risk management: Make sure if you take on this idea you have stops in case of failure. Nothing is 100%
2. Massive Inverse Head & Shoulders: Could be a powerful move here on a break over 4200
3. FED is close to done hiking. One & done or two & done; they are nearly done. This news should see a bullish reaction.
3. Momentum has signaled a buy, and these tend to be powerful moves. Projection forecast shown in grey. Targeting minimum 4400 but can go higher to 4500.
4. I expect small caps to start breaking out ass well. Russel 2000, IWM, or if you feel more risky to play individual names. I have a few that I like that are currently growing over 50% per year. I feel better being in the ones with high growth, in an environment that has absolutely hated and destroyed small caps.
Comment:
Time will show if 4448 was indeed the high on this move. For now, momentum has been broken
- Small caps have started rallying especially the ones with high growth.
- The Dow Jones also started participating in the upside now which boosted the SPX.
- CPI & Fed skip upcoming this week. Whatever the market volatility we should remain in the channel