In today’s briefing:
- Lockout Rally Continues; Still Short-Term Bullish on SPX, Now Upgrading I.T. Outlook to Bullish Also
Lockout Rally Continues; Still Short-Term Bullish on SPX, Now Upgrading I.T. Outlook to Bullish Also
- As discussed for two weeks, we see more and more signs leading us to believe SPX made a major bottom at 4800-4820, which was expected support from our 4/8/25 Compass.
- We have been short-term bullish since our 4/22/25 Compass — when the SPX was testing 5100-5120 support — but now we are upgrading our intermediate-term outlook to bullish as well.
- Our short- and intermediate-term outlook will remain bullish as long as the SPX is above 5500
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