S&P 500 showing Weakness in the short term | Be wary
We will be looking for a leg down if correlations are solid, check for Commodities, Yields, and Gold, however, the push down might be brief if we see the FED coming in with the QE on ETF'S anytime soon. be wary that this could be a very short movie, will be posting an extra chart regarding fibs confluence and levels that are on top of this analysis.
Fundamentally we have a market that has been pushing up solely on speculation and stimulus, because the foundation is weak we could see the move happen or not. Remember that in this kind of condition we must be prepared for a reaction rather than forecasting.
Fundamentally we have a market that has been pushing up solely on speculation and stimulus, because the foundation is weak we could see the move happen or not. Remember that in this kind of condition we must be prepared for a reaction rather than forecasting.
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