Dear traders,
SP500 is performing really well, it is expected to start consolidating a bit before it goes up to 5300$.
A consolidation it is fairly expected for several reasons such us, psicological level where it is 5000 and the hawkish tone latelly as US inflation is not reducing at the expected path.
March would be crucial for this, as investors are attend to the CPI figures quite closely.
Keep closely to fundamentals (CPI & PPI) which would determine the future of the monetary decisions.
Best
SP500 is performing really well, it is expected to start consolidating a bit before it goes up to 5300$.
A consolidation it is fairly expected for several reasons such us, psicological level where it is 5000 and the hawkish tone latelly as US inflation is not reducing at the expected path.
March would be crucial for this, as investors are attend to the CPI figures quite closely.
Keep closely to fundamentals (CPI & PPI) which would determine the future of the monetary decisions.
Best