weeno310
Short

S&P500 Daily Forecast

FX:SPX500   S&P 500 Index
My outlook for the US economy over the next few months.. I believe we are in the midst of the first correction of a trend reversal for a long term downtrend.. if you couldn't catch the sell at the peak (around $2940) no worries, the time for the big short might be coming soon.. I am currently holding buy positions as we complete what I believe is the C wave up to at least the $2900 range.. when we reach that area, I'll be looking to exit these positions and will be looking to enter long term sells.. first target would be $2600, and if it continues, then the next target will be close to $2350, which could see the end of the downtrend.. it's at that price I'd expect the market to tell us if she's going to crash completely, or recover and start going up again for new historic high's..
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