This is a very important level, breaking above it may accelerate further climbs and rejection may lead to another leg of correction!
We should monitor this level closely.
The fundamental drivers of higher levels: Inflation, Good earnings, and Good job data are supporting higher levels.
However, news from Washington about government proposed bills and China news could drag down down the market once again.
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
We should monitor this level closely.
The fundamental drivers of higher levels: Inflation, Good earnings, and Good job data are supporting higher levels.
However, news from Washington about government proposed bills and China news could drag down down the market once again.
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.