S&P 500 1 day chart - Bearish
MA crossover on the bearish side
Lot of governmental factors in play at the moment regarding interest rates, hyperinflation control, monetary policies etc.
Large companies shifting from a growth/expansion model to profit conservation to weather the storm
I would expect interest rates to continue increasing, unemployment to increase, and some sizeable downtrends in some milestone companies
My assumption over the next 6 months:
Target 1 - 75% confidence
Target 2 - 25% confidence (STRONG support here)
Good luck!
Lot of governmental factors in play at the moment regarding interest rates, hyperinflation control, monetary policies etc.
Large companies shifting from a growth/expansion model to profit conservation to weather the storm
I would expect interest rates to continue increasing, unemployment to increase, and some sizeable downtrends in some milestone companies
My assumption over the next 6 months:
Target 1 - 75% confidence
Target 2 - 25% confidence (STRONG support here)
Good luck!
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