Pashabxl

SPX: Still the same quest: What will fuel the market?

SP:SPX   The S&P 500 Index
AS you may see, SPX             is trading inside a channel.
But since July 2014, the index is not in a position to hit the upside of the channel and even worse, there isn't the power that use to make SPX             although the index has hit the highest high.
The question is what will fuel the market? European QE will not be enough. ALthough there is no more FED's QE that will come to an end in October, there is still cheap money in the market but no appetite.
Therefore we are either in a correction process, or in a change of trend for a bigger correction.
My guess is that we do have the initial sign of a bigger correction. Let's wait and see
all will wait a strong pull-back. not correction because the economy indicator is strong now.
look at russel2000, probably break longterm trendline right now
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