I think it still pays to be bullish in this market.
We just need to ride out the volatility in the mean time.
With the news of trade war on hold, there is No Reason to be Bearish for the Rest of 2018 any more.
Unless the trade war is ceased.
Many stocks are at key support area already so we are unlikely to go down much more from here.
Blue or Red path? I say blue with 70-80% chance.
Natural Gas Will Frustrate Both Bulls and Bears for a Long Time before breaking out to the upside.
The big Fang stocks are nearing peak earnings , at least for 2018, so a decent correction is immanent. However many value stocks are deeply oversold so This Rally Has Legs.
My 1st Amazon Bearish Projection failed miserably, see below. This is the 2nd try.
The big Fang stocks are nearing peak earnings, at least for 2018.
How do I know? I don't but occasionally I have this 6th sense...
I Just Become Less Bearish on SPX500 -0.86% after seeing today's price actions. The numbers FANGs reported looked OK so the immediate downside is probably limited. Below are 2 of my previous projections:
SPX will very likely top around 2840 in a few weeks.
Essentially the same chart as last time but in more details.
My newest projection of SPX500 in 2018, similar to my last one but a little more bearish this time. Overall 2018 is probably a year with a lot of volatility but little progress in either direction.
Essentially the same chart as #2 but finally figured out how to make all the waves show up within boundaries. LOL