Biggest S&P Reversal since February- What’s Next?

Key Takeaways

  • S&P erased a 1.3% loss on Wednesday, representing the biggest reversal since February
  • Commodity breakout of its four-month consolidation is bullish, despite a rising USD
  • Bitcoin breakout of its Sept highs is a positive on a 4-6 week basis, though gains will need to be consolidated near-term

SPX early weakness failed to break this week’s lows and reversed to close at the highest daily close of the last seven trading days.  Unfortunately, this still hasnâ€...

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