Things are getting better? Paradox!

-With the approval of the "spending ceiling", the SPX index gained an extra breath, but that does not mean that we will not have a correction later on

-With the approval of the "ceiling hole", it is necessary for the Fed to continue to contain inflation via interest rates, but the current inflation will be via public spending.

-The homeopathic increase in interest rates in the short term by the FED tends to further weaken the domestic economy, suffocating small and medium-sized companies to contain inflation, thus generating low economic growth, and the consequence could be the much-commented " recession".

-Graphically speaking, the index has an upward pivot on the medium-term (weekly) chart, whose current trend is to reach the region of 4325, but for that to happen, prices need to overcome the region of 4285 with some momentum.

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-In the long term (monthly) we have a high pivot that was formed in November 2022, but it is not having enough strength to follow its destiny, which in this case would be looking for the region of 4443 to maintain itself in an uptrend of long term.

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-In the short term (daily) things are complicated, as prices are fatigued from the "rally" of the last few days, therefore, they will need extra energy to try to escape the trend reversal, and for this escape to occur, prices must "obligatorily reach" the region of 4443.

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-Also read the graphic analysis below.
Do we have a reversal pattern?


-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other graphic analysis.
Beyond Technical AnalysisChart PatternsimagraphistTrend Analysis

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