Pashabxl

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

SP:SPX   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
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out