Weekly MOTR Report (WMR): “Leadership continues to improve despite volatility”

After a period of incredible turmoil, there is much to like, including the following:

  • The 3800-3900 support zone we have been focused on for the S&P has managed to withstand the panic selling brought on by the failure of SVB.
  • After crossing above the 200-day average (red circle, Figure 1), the 50-day average is still rising despite the March selloff. . .

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