The S&P 500 has a nice mood, but a different reality
The S&P 500 will not go so far away this year considering the real growth forecast, where the consensus is about 2.6% in the U.S. In my case, the best scenario would take my GDP forecast around 2.3%, but the Q3 has chances to see the GDP just above 1%, yes, you're reading well... 1%. The best scenario for the S&P 500 this year would take the price around 3,000 (<22% chances to go there), the regular scenario would take the price around 2,400 (>42% chances to go there). The bad scenario would take the price around 2,200 (>36% chances to go there).
No more fears? Wrong, we are still in a bear market. If someone is trading following the mood of the markets, definitely is missing something... This is our game and we love silly money.
Technically, the price would find 3 rejection points, 100 MA, 200 MA and red ellipse. However, I'll make a new analysis around 2,400. As usual, I keep the lines.
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No more fears? Wrong, we are still in a bear market. If someone is trading following the mood of the markets, definitely is missing something... This is our game and we love silly money.
Technically, the price would find 3 rejection points, 100 MA, 200 MA and red ellipse. However, I'll make a new analysis around 2,400. As usual, I keep the lines.
Learn how to beat the market as Professional Trader with an ex-insider!
Be part of an Elite Trading Group or get The Best Advice through our New Daily Market Perspective.
Have a Nice Trading Week!
Cream Live Trading, Best Regards!
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