This is mostly technical analysis based on projected world events.
LMT is a great company period. When it comes to business, if APPL was run like LMT, APPL would be much better than what it is today.
1) World conflict will intensify - and be dragged on.
2) Fusion reactor will be deploy-able around the continental US in 2020 ( thu this is a rough...
Just looked at global indexes and came across these patterns. Both Patterns are almost near to X levels. So ultimately risk will be reduced very much.
1) RSI is completely oversold in single digits
2) Though I am posting now, Idea will be shown from next candle which is after 4hrs and at that time scene can be different & patterns can be invalid. But right...
If we check INDEX:SPX supports we can see that the vertical trend is already broken but it's still doing some bullish movements.
We can also check that every October since 2013 were some kind of buttom and after that a rally till winter of more than 10% and less than 15% so... My bet is this.
S&P will go till 2130 by the end of the year and after that, double...
This steep market decline in the S&P500 requires a lot of attention! until there is clarity speculation about the depth of the correction will prevail.
La st week the U.S. economy showed good signs of job creation, CPI index at 0.1%, housing starts were strong.
The conference broad still expect moderate economic growth, building permits...
I believe price would reach 1220.0-1245.0 then looking to go short to levels 1145.0 then 1050.0. However, we would be seeking PA conformation around the levels stated. If price breaks above the weekly trend line price level 1280.0 then we would be looking to go long.