Apr. 16 at 3:41 AM
Since the
$SPX reversal bottom signal on Apr 6, the index has rebounded about 7% and reached new all-time highs. Focus now shifts to SaaS names (
$CRM, NOW, VEEV,
$CSU, MSFT, etc.). If IGV weekly candle closes above the 200MA this week, it would strengthen the case that SaaS may have put in a medium-term bottom. A double-bottom bear trap pattern further reinforces the bullish reversal structure.
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