SPX - 50% retracement of post COVID move done

The massive bounce back that we saw post the inflation print came off the 50% retracement of the entire post COVID rally to ATHs. Bulls want to hold this, else next is 3200

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It was a good point to close bearish view and turn bullish / Neutral. Bears have been in pain last couple of weeks. time to stand aside ahead of FOMC tmw