S&P 500 long term. This projection should reflect a probable negative scenario for the next few years, and despite the management of the pandemic that is bringing the world to its knees and the geopolitical events that suggest a global reset of the economy in general, it should be considered the general TA especially now that the chart shows clear signs of exhaustion at its peak, and in the medium to long term a strong retracement is plausible, especially down into the .50 and .382 Fib levels.
In the short term, however, a last peak to 5,000 level it's likely, to perfectly completing the scale.
This is not a financial advice. Always Do Your Own Research. Thanks for watching
In the short term, however, a last peak to 5,000 level it's likely, to perfectly completing the scale.
This is not a financial advice. Always Do Your Own Research. Thanks for watching