The Market Ear on the rally nobody wanted.
Now what?
SPX is hitting some sort of short term trend line here. We moved above the 50 day, but are still slightly below the 200 day. The death cross is still in place, but as we pointed out a few weeks ago, last time we got the death cross (back in 2022), the SPX decided to squeeze big time, trade above the 50 and the 200, and later turned lower, losing some 20% in the following 6 months.
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