Market Update April 12th 2024

Howdy team. Here are some updates from earlier this week on the technical front with the market swings. The S&P continues to chop in a wide range in our anti-persistent outlook still very much active.

Looking at the levels on SPY is very clear, still. Follow through on the lows to the downside for a move to 500 on SPY while we are still below the prior 1…