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The S&P 500 is back to the 290-300 level that has been acting as resistance several times in the past couple of years. What can be the catalyst that can push it above 300?
Already low interest rates coupled with relaxed Fed can be a recipe for appreciation in multiple assets – stocks, gold, crypto, bonds are all breaking out and trading near multi-year highs while the U.S. Dollar is starting to crack.
We continue to see mostly constructive price action in various sectors and market capitalizations. Even mega-caps that had significant pullbacks earlier this year like FB and BA are setting up above their 50-day moving averages.
We also covered the current price setups in AVLR, CMG, AAXN and other.
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