SPX decline should be buyable for push back to highs; Energy weakness temporary

Technical Strategy Video:

Key Takeaways

  • Two-day equity decline insufficient to cause technical damage; SPX looks to have bottomed at first Gann target 4630; Expect push back to highs into next week
  • Treasury yields and US Dollar turned up sharply Wednesday following Strong CPI print. Dollar hitting highest levels of 2021 likely causes further near-term upside for DXY
  • Energy temporarily weak and fits with November seasonality for WTI Crude;
...

Finish reading this report for free

Enter your email and we’ll send the paywall-free link directly to your inbox

In addition to your unlocked report, you will receive our weekly market newsletter FSI Snapshot, as well as occasional updates and offers from FS Insight. You can unsubscribe at any time. For more information, see our privacy policy.

Get unlimited access to Tom Lee’s Fundstrat research Subscribe
Already a member? Log in
Disclosures (show)

Sign in to read the report!

We’ve detected that you have an active subscription!

Ray: 762896-8f6187-eb4926-f506a5-43e21b

Events

Trending tickers in our research