FX:SPX500   S&P 500 index of US listed shares
161 0 2
Here I am watching for the signal that the markets are about to take a tumble, and perhaps I am crying "wolf" once again. Resistance Line C, breaking from Line B, indicates to me that a downswing, if not a trend reversal, is now imminent. The downswing should hit Support Line A and, if it breaks through, signal an end to the Bull Run. Why should the Bull Run come to an end now when the American economy is doing well? Well, just because of that! Share prices are high because interest rates are low. Now, while the Eurozone reduces interest rates to the bottom and commences Quantitive Easing (which it should have done five years ago), some players in the market will be concsious that an increase in American interest rates and an end to American Quantitive Easing can't be too far off. Hence, there will, possibly, be a beginning of shifting back to cash. However, being obsessed with the overheating of the markets for the last six months, perhaps I am calling wolf once again. The lesson: folks, be alert.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out