From a technical perspective we also believe there is a strong possibility to see 3,000 by this summer. We see a similar pattern behavior to those of June/ July 2018, when the index was rejected on the previous but found the necessary Support to fuel the next leg.
Similarly we had a rejection at the start of March but the price found again support and is already much higher than the rejection level. This has all the characteristics of the 2018 pattern and if the High to High rate continues (+2.45%), we can estimate the next (all time) High to be around 3,000.
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Got Treasury yield inversion now and Fed holding rates because of weakness in economy is actually bearish. Longs and shorts are all really risky now, more than ever. Maybe good time to go fishing.