Assuming all of the economic data released, as well as external factors from Fed to geopolitics we can assume a continued fall. Key data points:
Using this data, as well as the Moving Average, we can see the S&P falling below 2,500 by years end (1700-2200) area. MACD has also crossed. The S&P was the index that held up the best which means the Dow and Nasdaq are due for a big cut too. Dow will be below 15,000
- Dropped 20.9% in 119D
Using this data, as well as the Moving Average, we can see the S&P falling below 2,500 by years end (1700-2200) area. MACD has also crossed. The S&P was the index that held up the best which means the Dow and Nasdaq are due for a big cut too. Dow will be below 15,000
Order cancelled:
SPX moved in our favor but intervention stops what should have been a natural response to the toxic economic data.
