Krsnake

Ideas on S&P 500

Short
Krsnake Updated   
SP:SPX   S&P 500 Index
I believe that stocks may be overvalued recently.
- Raising interest rates will impact on the next earnings reports
- S&P is approaching a double top and it may correct
- The Dow Jones rebalance (24th of July) will definitely impact on the top stocks which will need to be rebalanced from instituitons and funds.
Comment:
Downgrade from Fitch of US Long Term Debt. Something is moving... And we like it :)
Comment:
Updated the target to 4200 (let's contain ourselfs and avoid being greedy). There's something wrong about the US economy even though everyone's trying to hide it.
Trade closed: target reached:
The target of the 4200s has been reached position closed :)
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