Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: SPX 4 and more

In today’s briefing:

  • SPX 4,100 Bull Turn

SPX 4,100 Bull Turn

By Thomas Schroeder

  • SPX met the 4,100 long target and NDX turned higher off of 13,000 support that are expected to induce a secondary April rally.
  • A push back toward SPX 4,200 will put the final touches on the buoyant April recovery cycle toward SPX 4,200/20. There is risk the rally falters below 4,200.
  • US 10yr yield hovering above 3.20% lower wedge support per call for an undershoot below 3.35%. 

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