Technical Momentum: On 31 March, the S&P staged a massive 2.9% surge to close at 6,528.52, its best day in almost a year.
RSI are showing strong Buy signals of 74.5, suggesting the bulls are in control of the current swing.
The War Pivot: Market sentiment has flipped from doom scrolling to hope scrolling. After Trump signaled a possible withdrawal from Iran with 2 to 3 weeks, oil prices retreated & global markets surged in anticipation of a de-escalation.
So do I think the S&P will go up tomorrow? Yes, on pure hope & a technical Strong Buy tailwind.
However you never know what Trump will say tomorrow as he is unpredictable as the weather.
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