With the economic reopening after covid-19 crisis, S&P 500 will rise to somewhere between 4,700 and 5,000 before falling 30 to 50% (previsions 2021-2024). I'm looking for a trigger event (black swan) like a big war associated to a big inflation.
It will be also an opportunity to buy cheap stocks for long term.
important indicator to follow: www.multpl.com/shiller-pe
It will be also an opportunity to buy cheap stocks for long term.
important indicator to follow: www.multpl.com/shiller-pe
Comment:
We can also see a double bottom and a breakout of the resistance trend line.