$SPX Weekly - I'm still bullish

Atualizado
Call me crazy but I still think there is more upside to this epic bull run.

April and May will critical months to see if we get the melt up to JUN and beyond.

So long as we stay in the upward channel I'm long, with another dip just an opportunity to load more.

MACD indicator and Moving averages certainly aren't screaming sell the farm.

First target is 5200 come mid JUN early AUG time frame.


Seasonality dictates April is one of the most bullish months, but 4750 zone being heavy resistance we might need another dip to fuel the next move higher.

However it seems a lot of money is on the side lines, and if we continue higher we may just get the melt up as this sideline money finally decides to go long.



Macro thesis : Covid behind us, Economy is not struggling with good Jobs report and GDP, responsive FED with most rate cuts already priced in (growth stocks already beat down), Russia Ukraine peace talks in the works, plenty of liquidity as more MM participate.



Really interested to hear any other ideas or contrary approaches !


Cheers
Nota
Never got to my load long zone, however not quite convinced this is the reversal point here, I'm still long starter JUN calls and sitting on my hands to add.
Nota
Time to load : )
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