There looks like some up trend still left in the SPX500, The data being released this week will set the basis for the coming downtrend or final push to the 4300 mark.
Impact areas
The realisation of households having to strap up and be more risk-averse hasn't happened yet, I think it will sooner than later as interest rises and core expenditure costs being increased leave less in the pot to play with!
There are a lot of factors I am not considering in this my short but sweet outlook at the coming months. I also want to say I do not know everything but this is what I can see from the little I know!
Follow for some more speculation
M
Impact areas
- China's twitter feed - could give the market the reason to go full bear
- Data being released this week - I am of the opinion it will encourage the bullish movement to 4300 - but preparing for both Bull/Bearish movements as nearing a main resistance point at 4300.
- The impact of consumer confidence takes longer for Large businesses to see the issues and this will delay the impact of poor results coming from consumer focused businesses in the SPX500
The realisation of households having to strap up and be more risk-averse hasn't happened yet, I think it will sooner than later as interest rises and core expenditure costs being increased leave less in the pot to play with!
There are a lot of factors I am not considering in this my short but sweet outlook at the coming months. I also want to say I do not know everything but this is what I can see from the little I know!
Follow for some more speculation
M