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RSP - The Stock Market Delivers A Successful Retest
Invesco S&P 500 Equal Weight
We made a pretty good stock market bottom that can only be spoiled by two things: the Fed and Ukraine.
If the Fed does not overshoot and a Ukrainian armistice holds, the stock market can make it quite a bit further than the 200-DMA on the NDX, which, for the time being, is a good target.
If the Russians are not cut off from SWIFT completely (at the moment only some banks are), they may keep pumping gas like it’s the end of the world, exercising their soft power to help Europe in a difficult situation.