Wednesday 31 March 2021

Positive Q1



The SPX ended the month/Q1 on a very positive note, settling at 3973, having printed a new historic high of 3994. The March candle offers zero sign of a short/mid term ceiling, as the m/t bullish trend could be expected to continue across April, if not much of May/June.

I would note the key 10MA at 3538, which will jump/adjust to the 3600s in April. Monthly price momentum hasn't been this high since (at least) the early 1980s.  

Holding at MARCON 7.