US Markets - S&P 500 update
As noted in this week's Technical Tuesday, the S&P is approaching our MFU-4 target zone which was generated off the March low and a zone where "we can expect at a minimum a pause in the advance, and most often, the start of a pullback". Given the momentum off this high, we believe this is the start of a pullback where we can see the index pullback to the lower end of the regression trend channel around 3390. Below is the updated chart of the S&P which we sent out.
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