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S&P Gains Momentum

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SPX (S&P 500 Index) S&P 500 (SPX500) SPDR S&P 500 ETF (SPY) Equity dovish Macroeconomic Analysis And Trading Ideas Fundamental Analysis Fibonacci Fibonacci Retracement quantitativeeasing quantfinance quanttrading quantitative quantfinance
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From low interest rates to more quantitative easing all over the globe from Europe to China to Brazil, fundamentals really boosted SPX last week. It absolutely crushed the upper levels, set by both the relative highs and by Fibonacci analysis. Monday, RBA minutes come out, and assuming they are dovish (which they have no reason not to be), we can expect SPX to hit 2090 easily.
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