I dare a long-term S&P500 forecast here.
It's incredibly difficult to predict such things, especially in terms of the timeline.
This development could take longer, well into the next year. I am very curious how it plays out.
It's incredibly difficult to predict such things, especially in terms of the timeline.
This development could take longer, well into the next year. I am very curious how it plays out.
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Time for an update to see how my forecast works so far:
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Time for an update (01-Feb-2019), even at the risk of being wrong --
Despite the Fed's recent pledge to "stay patient" about future rate hikes, which has helped the stocks prices up recently, we remain firm in our bearish assessment of the overall market situation.
We believe it was a flash in the pan. We stand by our bearish view. We do believe, the next fall is coming. One last pull-up yet ... Just one more week ...
Despite the Fed's recent pledge to "stay patient" about future rate hikes, which has helped the stocks prices up recently, we remain firm in our bearish assessment of the overall market situation.
We believe it was a flash in the pan. We stand by our bearish view. We do believe, the next fall is coming. One last pull-up yet ... Just one more week ...
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Okay, the market has decided to go up to 0.786 (2800). You can not argue with that. The question for me now is: will it drop to 0.5 (2400), to 0.382 (2600) or to 0.286 (2500)
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0.5 -> 2640
0.382 -> 2580
0.236 -> 2490
0.382 -> 2580
0.236 -> 2490
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Dow Jones looks like it's on the brink... (I might be wrong of course)
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That's what I currently see hapenning on a bigger scale:
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Update 14-Jun-2019: From today's perspective, I could imagine S&P doing its major correction cycle like this