In today’s briefing:
- Are the Lows “In” For This Pullback?; Market Dynamics Remain Bullish; Key Supports Holding
Are the Lows “In” For This Pullback?; Market Dynamics Remain Bullish; Key Supports Holding
- While we are not yet out of the woods, we continue to see evidence that suggests the lows may be “in” for this pullback.
- Last week (4/23/24 Compass) we discussed the possibility that further downside was limited on the S&P 500 due to a multitude of reasons
- We view the latest pullback to 100-day MA on SPX as healthy/normal within the ongoing bull market. Pullbacks to the 100-day provided ideal entry points throughout the 2021 bull market
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