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The Rally I Predicted on March 27-29 Will End Soon
Again, I believe the S&P 500's countertrend rally will end this week. Possibly today. I'm leaning toward it ending today. I predicted a 2 or 3 week rally back in late March, this is week 2. It may go into a 3rd week but I doubt it.
I nailed the top and the selloff. I nailed the bottom and this rally. Will I correctly nail the end of this rally and the resumption of the crash?
Again, I doubt the ceasefire lasts and even if it does, I don't believe the war will end with a negotiated settlement of peace. It will likely end with a show of force.
Watch the trendline from the previous highs and for negative divergence to complete here on the SPX 60 minute chart.
$SPY $SPX #SP500 $QQQ $NDX #Trump #ceasefire #Iran #stockmarket