Market Analysis (12 April’21)

The S&P500 index has been steadily moving higher since November 2020 Presidential Elections. Its advance has accelerated during the last two weeks. How high can the index go before the next 8%-10% pullback?

The index price structure since November 2020 appears to be very similar to that of March’20-August’20 period. Based on this comparison, the index might go as high as 4300.

SPX, daily

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