In today’s briefing:
- Gap Supports Holding; Expecting Test of All-Time Highs; Long-Term Treasury Yields Rolling Over?
Gap Supports Holding; Expecting Test of All-Time Highs; Long-Term Treasury Yields Rolling Over?
- We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).
- We will maintain our bullish view as long as market dynamics remain healthy and the S&P 500 (SPX) is above 5500.
- Our base case expectation is that SPX holds above short-term gap support at 5700-5785 (which is also where the 20-day, 100-day, and 200-day MAs all converge).
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