S&P has already topped out
Hello everyone,
Based on previous experience, and our recent trading with the cryptocurrency markets, we can see that the S&P has already topped and it's time for a correction.
However, before we go there, we will see a small rebound, just like what happened with bitcoin as people who didn't exit their positions will be looking to exiting at the next bounce.
This bounce will be accompanied by a lot of media headlines like : "Price bounce shows that there is nothing to worry about", "This is just a dip, nothing is worrying".
Tread carefully!
Based on previous experience, and our recent trading with the cryptocurrency markets, we can see that the S&P has already topped and it's time for a correction.
However, before we go there, we will see a small rebound, just like what happened with bitcoin as people who didn't exit their positions will be looking to exiting at the next bounce.
This bounce will be accompanied by a lot of media headlines like : "Price bounce shows that there is nothing to worry about", "This is just a dip, nothing is worrying".
Tread carefully!
Note
My long term target is 2100-2300Note
Target hit very fast. Expecting to go down nowNote
Massive inflation hitting all the world. France is a prime example of the negative effects of massive inflation and why we need this bear market to restart an economic growth.
Currently, the french buying power is way below taxes and expenses, and the government can't fix it, because inflation has led to massive debts. Make no mistake, we're now confirmed in bear territory, it's just a matter of time. So please, don't buy the dip
Note
I forgot the stock market moves slower. But you get the point, it's going down.Trade closed: target reached
You're welcome guys ! 2 month before it happenedNote
New chart
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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.
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.