SP500 has shown some weakness in the beginning of 2022...
All of us know that one of the most important reason behind such a 12% drawdown is Fed hawkishness...
At the time of writing smart money traders are pricing at least 5 interest rate hikes by the end of 2022, which is obviously putting pressure on the US stock market.
''Money today worth more than money tomorrow''
In addition to that we'll have QT most probably from the second quarter of this year.
On the chart I am showing 4 possible scenarios (maybe someone will see even more) of price movement from technical POV.
Fundamentally speaking I think and believe that we are going to see ATH this year around 4950-5000 zone at least. Also it is quite possible that we will see another lower low this year.
This week we had great results from such tech giants as MSFT and AAPL, which in my opinion is and will remain one of the most important bullish supporter.
We can see a very weak momentum and RSI or MACD indicators in the oversold territory. Also, huge volumes entered the market on the ''panic'' last week.
I hope to see a strong rebound in the short-mid term.
All the best,
GIgor_021
#tothemoon
All of us know that one of the most important reason behind such a 12% drawdown is Fed hawkishness...
At the time of writing smart money traders are pricing at least 5 interest rate hikes by the end of 2022, which is obviously putting pressure on the US stock market.
''Money today worth more than money tomorrow''
In addition to that we'll have QT most probably from the second quarter of this year.
On the chart I am showing 4 possible scenarios (maybe someone will see even more) of price movement from technical POV.
Fundamentally speaking I think and believe that we are going to see ATH this year around 4950-5000 zone at least. Also it is quite possible that we will see another lower low this year.
This week we had great results from such tech giants as MSFT and AAPL, which in my opinion is and will remain one of the most important bullish supporter.
We can see a very weak momentum and RSI or MACD indicators in the oversold territory. Also, huge volumes entered the market on the ''panic'' last week.
I hope to see a strong rebound in the short-mid term.
All the best,
GIgor_021
#tothemoon