SPX Long

17 Ara 2019

The bears had multiple chances to drive SPX down, but failed. As I write SPX 3194.6 is barely touching the lower channel from October low where I longed when Dow reached 200 MA, SPX 2924. Reason to go long is Fed pumping with rate cuts and the big one is Fed Repo since September at huge levels. Either it breaks down from here, but reasons I stated more likely break up back into channel.