Daily Charts - SPX oversold indicators already snapped back

Callum_Thomas
05-01

1.Market heading into a major pinch-point here, oversold indicators already snapped back, while 5600 + 50dma overhead resistance means technically this would be a very convenient point for some bad news/excuse to show up... $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$

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2.Stocks are starting to lose ground vs Bonds, and it may just be the start...

Valuations say the odds favor bonds vs stocks (stocks are expensive absolute + vs bonds, while bonds are cheap)

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3.Nothing new...

Rug-pulls and Bag-holders are not a new concept, in fact there were plenty of that sort of thing back during the dot com bubble.

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