SPX: What Should You Expect?
Hello Everyone,
I've decided to resurrect from the dead and post some analysis for people - I felt a little bad from all the PM's I received and felt I had to come back. :-)
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You may recall several weeks ago I noted that the market will remain bullish until (if) 2720 broke; hopefully some people listened to that advice as you would have made considerable gains. Of course, now, while that remains accurate today, that has to be adjusted slightly given how far we've come.
In the short-term, the market remains bullish. Many people seem to have difficulty deciphering between what the market "should do" and what the market "will do". That is, you must always remain unbiased when trading and investing, especially in a time of infinite stimulus, high-yield/muni bond buying and unlimited liquidity. Moreover, one must also rid themselves of somehow assuming the market must act "rationally".
We will continue to butcher our way through the current loading zone (white box), and test around the 200MA before pulling back into another loading zone (green box) for a few weeks before ultimately breaking towards the 78.6 Fib level.
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For those interested in following my analysis on a daily-basis across a multitude of categories, disciplines and stocks on my Discord channel, kindly send me a friend request on Discord @ zSplit#9971.
--
zSplit
I've decided to resurrect from the dead and post some analysis for people - I felt a little bad from all the PM's I received and felt I had to come back. :-)
--
You may recall several weeks ago I noted that the market will remain bullish until (if) 2720 broke; hopefully some people listened to that advice as you would have made considerable gains. Of course, now, while that remains accurate today, that has to be adjusted slightly given how far we've come.
In the short-term, the market remains bullish. Many people seem to have difficulty deciphering between what the market "should do" and what the market "will do". That is, you must always remain unbiased when trading and investing, especially in a time of infinite stimulus, high-yield/muni bond buying and unlimited liquidity. Moreover, one must also rid themselves of somehow assuming the market must act "rationally".
We will continue to butcher our way through the current loading zone (white box), and test around the 200MA before pulling back into another loading zone (green box) for a few weeks before ultimately breaking towards the 78.6 Fib level.
--
For those interested in following my analysis on a daily-basis across a multitude of categories, disciplines and stocks on my Discord channel, kindly send me a friend request on Discord @ zSplit#9971.
--
zSplit
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