The S&P 500 index is breaking all time highs every week. However, it looks set for a fall.
Fundamental: The US economy is strong. NFP was healthy, and whilst GDP missed on expectations, the FOMC's last statement was hawkish. In the medium term, the Federal Reserve should raise interest rates, which should put pressure on the global stock market.
Technical: ...
TVC:SPX
The S&P 500 composite index reached 2129.79 today, just a point away from its all time high at 2130.82.
This should provide a good place to short the S&P, because:
Fundamentally: the outlook for the US economy is strong, with good job growth - however , the Federal Reserve should now look to increase interest rates slowly, which should gradually...
S&P 500 Sell Idea
It seems that the daily triple cycle is ending up with a H&S pattern. Sell the break of the yellow TL aiming:
T1 1970
T2 1860
SL 2070
