Short
Sp is dead for this year
What’s going to happen to s&p500 is another sharp fall. After bull trap we’ll see a drop to final target 1300. The u.s. and world economy slows again, a kind of recession. So s&p as usual has a small time lag between problems in real economy and falling of the index. At the point 1700 feds will be in panic, probably lowering interest rates and starting QE. So the cycle will restart again and a new bubble for sp.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.