SPX the bottom is not yet in

12 мая 2022 г.

It's been a rough week. I posted today that BTC bottom is likely not yet in so here is another chart to support that the bottom might not be in just yet although it might feel like it. SPX needs to hit the 200W MA. I hope/expect a small rally here soon and that we reach capitulation within the next 4-5 weeks. But it's all going to hinge on news and sentiment from the Fed in the coming months though. Let's hope they turn doveish soon.