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Analysis

Trappy SPX pump?

S&P 500 overcame solid intraday resistance, and the key question to answer is whether the market breadth improvement (and sectoral overview) was good enough to last. Would or would not the dollar get in the way? Today, we have services PMI as the most important data point, and S&P 500 is acting tired as I‘m laying out in today‘s fast video (PLTR earnings reaction was great, it‘s one of the building blocks of what‘s infrastructurally unfolding in the States and beyond… focus also on EURUSD and how well the breakout retest call of Friday is unfolding in USDX).

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