S&P 500 Index
Investment Thesis
SPY just reclaimed both the 50-day ($674) and 200-day ($664) MAs after a sharp March selloff, accompanied by a rare breadth thrust — % of S&P 500 stocks above their 50-day MA surged +41.6% in a single week. Price now sits just 2.3% below the 52-week high with elevated put/call ratios still signaling residual fear — a classic "wall of worry" setup.
Why It May Work
Why It May Not Work
Timeline
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