This will be my final analysis on the Standard & Poor's 500 Index until the market bottoms out.
I urge all investors that have extreme long exposure to exit the market due to economic uncertainties and political agendas Vaccinations leading to a 3rd wave has created an economic situation we have never experienced before.
Markets are currently topped out and in an extremely overbought territory! Most stocks are in bearish momentum
Last Week closes as Hanging man, some correction would be awesome to see.
MaverickTrading
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@Wolfram_, eventually - don't forget this INDEX consists of over 500 companies, This will take a while to break down...
workebox
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@MaverickTrading s&p 500 still moving up, what do you think the top is? I can't believe the FED is ignoring the bubbles being created by the massive liquidity. If price stability is one of their goals pushing the s&p to 4700 and then collapsing back down to 2200 it's not what I think of price stability.
tfinavia
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Sir, salute and greetings. You seem to have an uncanny ability to point a top, case in point February 22, 2020. I am looking at NYSE/NYA targeting the lows of 2020 in coming weeks. It could be before June end. One thing I struggled to understand, "Vaccinations leading to a 3rd wave"; what do you mean? Thanks much.
candlestickninja
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Be interested in the statistical age breakdown of traders bullish probably has a mean of 19-21 inexperienced traders buying into a bubble as they were in elementary school during 2007 -2008 and haven’t a clue
Daddy_Chill
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How soon do you think the crash will come?
workebox
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Hi. What is the highest level you expect for the S&P 500 before the crash?
jazerbay
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Appreciate the post Mr. Maverick 🎭
Thanks!!
MaverickTrading
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@jazerbay, Watch out for Monday open may be volatile. 👍
jazerbay
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@MaverickTrading,Thanks!
Tomorrow is apparently global 🅰pe day😥🙃! Wonder how that will affect things 🤔🙈🙉🙊