$SPX Weekly Outlook: NEUTRAL… $QQQ $IWM $DJI

US Markets have ripped higher to start the year. This is the best start to the Russell 2000 since 1987 (pun intended). We are halfway into the first month of the first quarter and the Bull is Back in Gear!

Although this was quite the V-Shaped rally that, NO ONE expected (which is exactly why it happens), we are still in a very neutral to bearish area. You can see the V-shape, panic buying, that has progressed over the past few weeks.

All of this buying to get back to HEAVY RESISTANCE (at 2680), and the DECLINING 200 Day MA at 2760.

About the author: HeyImSnuffles Snuffles

Just Climbing the Wall of Worry and Picking the Right Time to Get out of the Way. I am a Nuclear Engineer who quit and has studied global and crypto markets for almost a decade.