Bank and Technology bounce should help drive SPX over 4200

Trend still bullish - Expecting upcoming push back above SPX-4200 –No change on last week’s comments - Wave structure on a short-term basis remains constructive, and should lead SPX back up to eclipse 4200 potentially into 5/24-27 while QQQ hits 328.  Only a decline back down under SPX-4112 would serve to postpone this rally.

Monday’s rebound in Regional banks looked particularly constructive as a reason why SPX could rally.  This is quite helpful in ...

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