S&P 500 IndexShort
The Bearish Cycle of SPX has begun.
TL Overshort, rejected, recent price action(PA) has been bearish, the market seems to be overvalued.
The AI rush will subside due to the lack of data storage, and questions about how to sustain energy consumption, among other concerns about the sustainability of the tech rush, remain.
I think the tech industry will be the leading factor in the bearish cycle as the market continues finding lower levels from higher highs (HH). The forecast predicts a movement towards 4,400 points on the S&P 500 (SPX).
The AI rush will subside due to the lack of data storage, and questions about how to sustain energy consumption, among other concerns about the sustainability of the tech rush, remain.
I think the tech industry will be the leading factor in the bearish cycle as the market continues finding lower levels from higher highs (HH). The forecast predicts a movement towards 4,400 points on the S&P 500 (SPX).
Note
Yesterday bounce will be absorbed by further selling... SPX is looking for lower target
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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.