the_sunship

SPX 500 - that C spirit may be short lived

EIGHTCAP:SPX500   S&P 500 Index
Very possible we are going to have just one more down before a larger counter trend rally. The market is feeling extremely exhausted, and even today's fed rally was weak. That tells me that the "buy the dip" crowd is gun shy and that also means that a buy opportunity may be very soon for the minority. Structural target looks like 3600-3550, could be next week.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.