Summary
The SPX saw a net March gain of +139pts (3.5%) to 4109, settling above the 10MA (3940). Momentum ticked upward for a sixth consecutive month, but remains on the negative side.
I
remain dismissive of renewed mainstream bullish chatter, as the macro
and geo-political situations continue to deteriorate. Things turn
interesting again for the equity bears with a break under the recent low of 3808.
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