Pashabxl
Short

SPX; In a big picture, it is alarming.

INDEX:SPX   S&P 500 Index
167 2 3
This is a big picture SPX             chart. On a monthly timescale we can easily observe the effect of QE2 and WE3 on the index .
Now the question should be what will happen with the the end of QE3 in October?
Will ECB really take the relay of FED with ABS? Will EU money flow on US market as US money flow in the European Stock Exchanges?
That is the quesion.
But for sure we are in a correction process.
Hi- Thanks for sharing your thoughts? Would you give a heads up once the correction got confirmed?
Reply
Pashabxl PRO
2 years ago
Yes in deed .
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