Will S&P500 Win? Or it will lose?😁
Do you Remember in March 2020 when Rates were the lowest it had ever been I think since the Entire History of its Trading on the Open Market? Well Nothing is Permanent in this world since Covid lows it has rallied quite a lot. It would certainly be interesting to see what happens next.
Lets Discuss the Key Levels to Watch first
Right Now it is currently at almost 3.6%ish level. If we see a Break below 3.2% ish level then it will open the Gate to Go even lower maybe at 2.5% level. And that would be quite Bullish for S&P500 or the Whole General Stock Market.
Alternate Count : Maybe Trend is your Friend and it will continue to Keep Making Higher Highs and all that Nonsense sfuff. A break above 4.3% level would be a very Bullish Thing for this Market and that would put Pressure on S&P500 to stay below it's All Time Highs. If this scenario does indeed plays out a lot of people might not be happy. Again in Trading/Investing Hope for the best but prepare for the Worst🙂
Final Thing to say : Robert Prechter, the Famous Elliott Wave Analyst in his Elliott Wave Theorist actually said that it would be a very rare thing to see this thing test again at Covid lows. So he is infact Quite Bullish and says a Major Rally has begun since its 2020 lows. And ultimately we could see Bonds test it All time Highs. If that seriously were to happen than Whole Stock Market would collapse or atleast be in a Corrective Environment. He is quite Bearish on the Outlook of Stock Markets based on his Elliott Wave Counting. He also said that this is the Worst Decade to get invested. He is quite a Smart and Intelligent Person but we shall see what happens. Maybe he could be correct who knows with the Nature of Financial Markets one can never be One Hundred Percent Sure about Anything. What do you think? For the time being let's have Patience and watch our Key Levels
Lets Discuss the Key Levels to Watch first
Right Now it is currently at almost 3.6%ish level. If we see a Break below 3.2% ish level then it will open the Gate to Go even lower maybe at 2.5% level. And that would be quite Bullish for S&P500 or the Whole General Stock Market.
Alternate Count : Maybe Trend is your Friend and it will continue to Keep Making Higher Highs and all that Nonsense sfuff. A break above 4.3% level would be a very Bullish Thing for this Market and that would put Pressure on S&P500 to stay below it's All Time Highs. If this scenario does indeed plays out a lot of people might not be happy. Again in Trading/Investing Hope for the best but prepare for the Worst🙂
Final Thing to say : Robert Prechter, the Famous Elliott Wave Analyst in his Elliott Wave Theorist actually said that it would be a very rare thing to see this thing test again at Covid lows. So he is infact Quite Bullish and says a Major Rally has begun since its 2020 lows. And ultimately we could see Bonds test it All time Highs. If that seriously were to happen than Whole Stock Market would collapse or atleast be in a Corrective Environment. He is quite Bearish on the Outlook of Stock Markets based on his Elliott Wave Counting. He also said that this is the Worst Decade to get invested. He is quite a Smart and Intelligent Person but we shall see what happens. Maybe he could be correct who knows with the Nature of Financial Markets one can never be One Hundred Percent Sure about Anything. What do you think? For the time being let's have Patience and watch our Key Levels
Comment:
Seems like 4.3% level will break out very soon. This could be very Bearish for the Outlook of Stock Markets even though we had a nice rally from Mid-October last year