A Further Pullback May Be Healthier
📈 Breadth Is Improving
Market breadth continues to recover from last week, but $ $SPDR S&P 500 ETF Trust(SPY)$ stalled at the confluence of the 20-day moving average and upper channel resistance, facing rejection in the final 15 minutes of trading.
🎯 What Comes Next?
A positive FOMC surprise could push the market higher. But another pullback within the channel may create a stronger foundation for the next advance.
That would give more individual stocks time to establish relative strength and form cleaner setups before the market attempts another leg higher.
💡 The Takeaway: A further dip wouldn't necessarily be bearish. If breadth continues improving, a controlled pullback could help set up a more sustainable rally.
Markets are always moving - and sometimes, the best move is knowing what works for you.
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