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S&P 500 – It’s About Time To Start Probing The Breakout

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ValueWalk

S&P 500 tested the bottom part of the 3,875 – 3,810 range sufficiently, and it‘s about time to start probing the breakout. Even the Fed minutes are out of the way, with the hawkish realization that the Fed isn‘t planning to cut or ease any time soon. Throwing cold water on the rally, but bonds didn‘t get the message yesterday, and continued in risk-on posture, see the high HYG volume and reasonably long white body candle. Q4 2022 hedge fund letters, conferences and more The buyers will have an easier time when Tesla Inc (NASDAQ:TSLA) and Apple Inc (NASDAQ:AAPL) get their act (temporarily) toge…

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