Crude oil looks close to bottoming while USDJPY is nearing a peak

$SPX has now declined 7 of the last 9 weeks, and while a larger rebound does lie ahead, the near-term remains tricky and volatile.   Looking at Friday’s action, the sudden about-face doesn’t completely negate the positives of Thursday’s sharp rebound, but it’s vital that SPX hold above 3577 into next week. Below that level argues for a full retest and partial break of this week’s lows, which should take SPX down to 3450-3475 before a rebound bac...

Finish reading this report for free

Enter your email and we’ll send the paywall-free link directly to your inbox

In addition to your unlocked report, you will receive our weekly market newsletter Fundstrat Snapshot, as well as occasional updates and offers from Fundstrat Direct. You can unsubscribe at any time. For more information, see our privacy policy.

Get unlimited access to Tom Lee’s Fundstrat research Subscribe
Already a member? Log in
Disclosures (show)

Events

Trending tickers in our research