SPX had a strong acceleration from the low 1865 to contact the strong resistance at 2040 and SMA200
200 points in two weeks indeed is very impressive.
The main reason come from the delay of FED in hiking rate.
Investors beleive that FED WOULD NOT HIKE RATE THIS YEAR, so they confidently buy Stock as a result.
However, I think this trend should stop here at key resistance.
Breaking Kumo cloud makes me surprised, but the rally shuould be limited.
200 points in two weeks indeed is very impressive.
The main reason come from the delay of FED in hiking rate.
Investors beleive that FED WOULD NOT HIKE RATE THIS YEAR, so they confidently buy Stock as a result.
However, I think this trend should stop here at key resistance.
Breaking Kumo cloud makes me surprised, but the rally shuould be limited.
