Will it be a market crush? S&P500.
Hello everyone.
I pay attention to the SNP index and at the moment I don't like the idea of buying anything.
Positive data on business activity appeared on friday, but the market reacted with only slight impulse growth until Wall Street left for lunch and by the close of the trading day the positive was dissolved. Thinking about what could force the market to rewrite new highs now... I cannot answer this question.
At the same time, to open short sell is not a good idea because the potential is not clear. The movement of the index down to 3950 is not the potential to work midterm against the trend.
The market expectations for a quick recovery are overestimated, the world economy is not recovering from the crisis as quickly as we would like. Investors needs to know the scale, what is the influence of disruption supply chains factor.
On the chart there are three zones of yellow color from which there can be purchases.
Looks like history is repeating itself and a double top soon.
I pay attention to the SNP index and at the moment I don't like the idea of buying anything.
Positive data on business activity appeared on friday, but the market reacted with only slight impulse growth until Wall Street left for lunch and by the close of the trading day the positive was dissolved. Thinking about what could force the market to rewrite new highs now... I cannot answer this question.
At the same time, to open short sell is not a good idea because the potential is not clear. The movement of the index down to 3950 is not the potential to work midterm against the trend.
The market expectations for a quick recovery are overestimated, the world economy is not recovering from the crisis as quickly as we would like. Investors needs to know the scale, what is the influence of disruption supply chains factor.
On the chart there are three zones of yellow color from which there can be purchases.
Looks like history is repeating itself and a double top soon.
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