S&P 500 very likely to crash: the stop run of the decade
Words are not needed on this one as I will provide plenty of TA arguments in the comments.
I will say this though yesterday, on the 15th of March, news came out that the FED cut its key interest rate to zero and plans on injecting 700 billion into the economy as a stimulus.
The problem is, the futures market absolutely TANKED in what normally would have been a very positive, bullish news.
The trick pony is dead and the investors are starting to realize it.
I will say this though yesterday, on the 15th of March, news came out that the FED cut its key interest rate to zero and plans on injecting 700 billion into the economy as a stimulus.
The problem is, the futures market absolutely TANKED in what normally would have been a very positive, bullish news.
The trick pony is dead and the investors are starting to realize it.
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This is the first area after the intense sell - off where I will like it has a decent probability of being a local low. If it is, I expect a relief rally/bounce soon
Comment:
Going to be wrong on S&P bouncing most likely, the weekly close on Friday was bad and suggests more continuation to the downside
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Was severely wrong on me being wrong, we did get the rally I was looking for. For now, further upside is likely but make no mistake, we are likely making a huge bull trap
Comment:
Stocks indeed had a very nice run since my last post but now I think we are at a local top, expecting sell - offs to resume soon
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