🌟Predicting
$S&P 500(.SPX)$ for Thursday 2 April is a high stakes bet on whether the peace rally is a solid foundation or a house of cards. Based on the current momentum, I believe it will be up, provided Trump's address to the nation tomorrow does not throw a wrench into the works.
Technical Momentum: On 31 March, the S&P staged a massive 2.9% surge to close at 6,528.52, its best day in almost a year.
RSI are showing strong Buy signals of 74.5, suggesting the bulls are in control of the current swing.
The War Pivot: Market sentiment has flipped from doom scrolling to hope scrolling. After Trump signaled a possible withdrawal from Iran with 2 to 3 weeks, oil prices retreated & global markets surged in anticipation of a de-escalation.
So do I think the S&P will go up tomorrow? Yes, on pure hope & a technical Strong Buy tailwind.
However you never know what Trump will say tomorrow as he is unpredictable as the weather.
@Daily_Discussion @Tiger_comments @TigerStars
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments