SP500 - The Phantom Menace (Episode I)

OANDA:SPX500USD   S&P 500 Index
As can be seen in the graph, after the pandemic, it collected rapidly and it seems that it will continue the rising wedge movement to the end.

If the targets for the future will not be 4000+, we can see a very sharp decline as a result of the rising wedge formation from here. In this sense, it would not be wrong to expect the prices to fall back to 3000 levels due to the formation target. However, this 25% decrease would be a disaster for the financial markets.

The place to enter the game is as important as where and when we exit the game. It is useful to be careful, especially in light of these inflationary expectations. SPX

It contains only personal views and opinions. Does not contain legal investment advice ...


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.