Hi there,
SP500 at the moment is a clear buy with target above 4000
If we pay attention to the DXY chart, we are starting a uptrend but still on sideways moment, which SP500 due to many retails shorting it, has been making new highs every week, as long as dollar is weak it will keep doing it, but dollar is soon ending this sideways market to start an uptrend.
SP500 then will top at that moment
If we look at the elliot wave theory, we are in the final phase, Blow off, close to a top to begin then a new trend.
This is a long term view, if your looking to sell it, sell only at the mentioned wave 5, near it.
Good luck
SP500 at the moment is a clear buy with target above 4000
If we pay attention to the DXY chart, we are starting a uptrend but still on sideways moment, which SP500 due to many retails shorting it, has been making new highs every week, as long as dollar is weak it will keep doing it, but dollar is soon ending this sideways market to start an uptrend.
SP500 then will top at that moment
If we look at the elliot wave theory, we are in the final phase, Blow off, close to a top to begin then a new trend.
This is a long term view, if your looking to sell it, sell only at the mentioned wave 5, near it.
Good luck