After months characterized by euphoria SPX is finally losing value and retracing. It is still trading above the 200MA hence showing some sort of a bull trend.
This is just the beginning of a downturn, anyway. My take is the index will retrace below the 200MA.
Everything grew too much, it was time for markets to correct.
This is just the beginning of a downturn, anyway. My take is the index will retrace below the 200MA.
Everything grew too much, it was time for markets to correct.
Note
We might be start buying again by 2020 or so
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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.