S&P 500 IndexShort
SPX500 - An Economic COLLAPSE ?!
Hello Traders,
Here's a SPX Monthly chart, and as you can see.. we are still in a bull run for a decade now, but currently approaching the $3000 region which appears to be a major resistance area..
Looking at the Crypto market which is currently at its bottom after a HUGE correction which took place in December 2017, and S&P500 on the other hand being in a bull trend for around a DECADE, I believe that we are finally going to witness financial institutions moving their money from SPX, and pouring it all to the crypto market which would trigger the Concurrency bull run ?! It's the only logical sense at the moment.. What do you think ?!
Here's a SPX Monthly chart, and as you can see.. we are still in a bull run for a decade now, but currently approaching the $3000 region which appears to be a major resistance area..
Looking at the Crypto market which is currently at its bottom after a HUGE correction which took place in December 2017, and S&P500 on the other hand being in a bull trend for around a DECADE, I believe that we are finally going to witness financial institutions moving their money from SPX, and pouring it all to the crypto market which would trigger the Concurrency bull run ?! It's the only logical sense at the moment.. What do you think ?!
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.