FED Decision: Hikes as expected, slightly more dovish
Updated
Fed raises key rate by 0.25%. Now my forecast is that stocks are going to fall for three to four months and then rally a lot starting in the middle of 2016. Reason: We already had a big large in November and currently leading stocks like Apple are on the brink of crashing lower.
Short target: Bottom is around 1858-1860
(I'm staying short, because most of the time stocks were falling after a rate hike in my research)
Short target: Bottom is around 1858-1860
(I'm staying short, because most of the time stocks were falling after a rate hike in my research)
Comment
UPDATE: The S&P 500 looks excitingly bullish today on July 12, 2016 with the S&P 500 making new all-time highs around 2150 points. But please be aware that my forecast here from 7 months ago completes this month. Which means there is a risk of a pullback dip (which I can't predict when it will start). Just be aware of the still existing downside risk during all of the current euphoria of making new higher highs.Disclaimer
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