Pashabxl
Short

SPX: Victim of excessive statement of FED and ECB

INDEX:SPX   S&P 500 Index
147 4 1
Well, there is no harm to say the truth. If World economy was so good and promessing, ECB would lower its interest rate under 0, nor FED would have kept a low level interest rate . We should have been in a situatio with at least a 2% inflation and same thing for the growth rate. Which is not the case. But the market bought the idea and the policy of cheap money and ECB's possible QE if needed.
Therefore as already said in the past studies, there will be a progressive move on the down side towards 1840-1820.

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CosmicDust
2 years ago
Just my humble opinion though: they make you believe all are well, yet they still keep money cheap, this can only lead to one point - they are afraid of a collapse. Anyway we still need to play their game according to their script.
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Pashabxl PRO
2 years ago
Yes in deed, we will ne to play their game according to their rules and their script. Nevertheless, there will be at least a little correction towards 1820-1840 at first, and I think that after september we will have to go up again because there will be cheap money....
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HamedAghajani PRO Pashabxl
2 years ago
Dear Pashabxl. Thank you very much for sharing this idea. is there any reversal pattern formation on lower time frame, or we should still wait and watch for a sign. I would be grateful if you could also share your views on GER30 (DAX).
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Pashabxl PRO
2 years ago
Well Dear Mr HamedAghajani, with regard to DAX, I think that a correction wave has started and it might very well to util 9400 or 9200. Normaly the classical program is sell in May come back in September. But since CB's are making a lot of intervention on the market, this time laps may have been postponed to Sell in July and come back in September:-)
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