SPX - The Anticipated Squeeze is Happening

SmartReversals
05-12

$S&P 500(.SPX)$ - The Anticipated Squeeze is Happening:

Price action was about to explode, and the $Cboe Volatility Index(VIX)$ closed the week with bearish shape (bullish for the stocks).

A huge gap just happened. ➡️ Does the candle have bearish shape? yes, but this train may want to see the RSI overbought before a pullback, and the 200DMA is in a solid support position.

The breadth signal from April 24th is proven its worth. $SPDR S&P 500 ETF Trust(SPY)$

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Technical Bull Market Back!!! All in or Calm Down to Take Profits?
U.S. stocks are surging once again, as if the market turbulence triggered by Trump’s “Liberation Day” never happened. The S&P 500 is up 3%, climbing back above its 200-day moving average; the Nasdaq 100 rises back to a technical bull market. How long will the bull market last? Is now the time to go all in or take profits? Which stock will rise the most during the rally? Between Chinese assets and U.S. equities, which would you choose?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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