S&P500 continues to develop new record highs in light of ongoing stimulus talks. US Treasury Secretary Janet Yellen stated the US stimulus plan could potentially result in full employment by 2022. With all this stimulus, inflation concerns could begin to resurface and may begin to weigh down the equity market if we start to see a rebound with the dollar.
---------- "Always prepare yourself for the unexpected turn." Paul Forbes - Managing Partner @ LEFTURN Inc.
Normally people who quote themselves are exactly what the world needs, but this just lacks the necessary facts to justify your claim in the short term let alone TA. Even your one indicator contradicts the suggestion you make or try to make with this chart or at least the title so let me kindly ask you what is the point of this Idea?
paul_forbes
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@fmkatz, thanks for your comment. My title summarized my idea. This is not a technical setup but rather has more to do with sentiment towards ongoing stimulus. This is why you're not seeing much information regarding TA here. Hope that helps