S&P 500: Bullish Butterfly and Bullish Bat Type 2 Confluence

10 Mar 2023

After a decent bullish type 1 reaction the SPX has come back down to the zone and looks to be showing moderate exaustion. If we can get that MACD to cross and the RSI to curl out of the oversold region we could very well see the SPX stage a rally before the end of this week or at the start of next week. That should take it to the true target of atleast $4120 or higher.