LupaCapital

S&P 500 Weekly out look to 2021 [long term short]

Short
FX:SPX500   S&P 500 Index
We are seeing an aggressive stimulus from the US right now- where the re-opening of the economy looks to be strong.
However with many companies with profit margins hit, it will look to be a big shock in reality when the new changes and consumer mindset shifts.

We can only analyse the growth from the chart - and the large sell off showing a huge retracement - this cancelled out the growth of the US economy in about 4 weeks in terms of 26 million jobs on furlough and jobs lost.

We have not seen credit crisis as yet, however the fact that bailout stimulus and money reserves being depleted - shortages will be created due to the demand and cracks will be evident.

Take it to the supply & demand strategy using the record highs as a fresh supply - have to wait for the rally to indicate a rally base drop scenario.

This will take a long time to play out but this is scenario one .

Leave your thoughts and analysis.
Lupa Capital
Comment: going very strong - long targets almost met
Comment: pretty much a few weeks lag on our prediction, but very happy to see it come to action so far

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out