Bounce above 4114 in SPX gives reason for optimism that lows might be in place

Key Takeaways

  • Friday’s strength in SPX and QQQ has broken initial resistance, giving reasons for optimism that a more meaningful low could be in place.
  • QQQ bounce makes both legs of decline equal in price and time into late May.
  • Ethereum has fallen out of favor vs Bitcoin, and BTCUSD should be favored.
Changes in Trend finally have occurred in SPX and QQQ.   Don’t look now, but SPX and QQQ have finally recouped areas which were thought to ...

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