Hello everyone! Today i want to share some macro analysis with you!
1.
$.SPX(.SPX)$ master analysis visualized
> 6000 Good
< 6000 Bad
2.
The S&P 500 outlook in the near terms is very simple.
Above 6000 Good
Below 6000 Bad
A psychological value plus the proximity of the often referenced 20-d moving average makes the area meaningful.
Conditions under surface such as breadth and momentum point to “Bad”
On the other hand a 30-50pt rally for the index has become common place, and above 6000 quickly hits pause on the bear thoughts.
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