S&P 500 IndexShort
This is my outlook for the S&P500 for Q1
Updated
1 - The seasonality of the first quarter in a general election year is typically not positive.
2 - The index has gained significant ground in the last months of 2023, now nearing the all-time high (ATH). A correction should be viewed with equanimity.
3 - I believe there's a good chance that some pessimistic catalyst will come to the forefront around March.
4 - Expectations for the rest of the year are positive. Momentary panic could serve as good fuel for the continued upward momentum of the market.
2 - The index has gained significant ground in the last months of 2023, now nearing the all-time high (ATH). A correction should be viewed with equanimity.
3 - I believe there's a good chance that some pessimistic catalyst will come to the forefront around March.
4 - Expectations for the rest of the year are positive. Momentary panic could serve as good fuel for the continued upward momentum of the market.
Trade closed: stop reached
Failed miserably. The laterality was about accumulation, not distribution.Anyway, the upward trend remains.
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