Sunday, March 9, 2025
$SPX - Beware the Ides of March!
SPX reached the downside price objective for last week at the 200 dma. Currently SPX is a little oversold on the daily and so may manage some retracement this week. However much more selling is likely coming into April as the trade wars ramp up. Beware the Ides of March with turning point due March 15th. Daily
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In the Roman Empire the Ides of March on the 15th became notorious as the date of the assassination of Julius Caesar, which made the Ides of March a turning point in Roman history.
ReplyDeleteThe US Government is due to run out of money on March 14th.
ReplyDeleteFrom the Address to Congress it was clear that the two sides won't work together.
ReplyDeleteTarget SPX 5,000 at the year 2020 trendline.
ReplyDelete