After having reached my 2350 correction target, the next target region is in the 2500 region. With yesterday's really dovish FED decision of just 2 more possible rate hikes this year (0.5% more), I rather believe the fiscal stimulus promised by the new US Government and the rising inflation expectations will likely overheat US economy. I doubt that this is already priced in...
Comment:
getting seriously bearish. we could be heading to 2480 region and forming a 3 peaks and a doomed house motif...
