$BTC The S&P 500 index experienced a nice short-term rebound from the 6500-6600 area over the past few hours, following a significant drop from its highs. As anticipated last week, we have already seen a positive reaction in this area, also supported by emerging headlines, and a retest of 6700-6800 remains possible. However, as long as the index trades below the weekly 21 EMA, it is difficult to assume that a bottom for the year has formed.

At this level, any retest of this area can be viewed as a bearish retest. The medium-term target still remains at 6300-6000, and if appropriate, we will consider gradually building some new stock positions. If this level is not realized, I will look for investment opportunities elsewhere. Remember that the market has currently reacted to news of the end of the war, but this is far from confirmed, and it is still attempting to control U.S. Treasury yields and oil prices.