$SPX Weekly Outlook: Neutral to Bearish

The US market has made the significant rally that was expected off the lows. The target was always the 200 day MA for starters and last week this target was essentially reached. I did not think it would happen this fast and this straight of a line, but the market doesn’t care what I think.

We are now overbought on momentum and I believe THIS AREA is where the continuation of the trend will be decided. ‘‘Tis very possible to chop in between the 2650 and 2800 area for multiple weeks. I believe the best case for the bulls is some

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.