S&P 500 To Surge Above 4,300
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ValueWalk
ValueWalk
S&P 500 followed up my projected path yesterday – dip soon bought, then chop and up, ignoring bearish macro data. GS assigning lower odds to recession made for the dip to high 4,270s, as the implications are bearish, but given the quite greedy sentiment, stocks were slated to ignore that given the bullish market breadth (expanding leadership while tech didn‘t sink), allowing me to call for more upside to develop overnight, i.e. justifying holding the tactical intraday trade. Today‘s commentary will be brief, focusing on charts and levels within the most interesting markets below. So, make sure…