S&P Selloff Imminent
The S&P continues to rally, but why? Is it because of good economic data? Fed news? Jobs? PMI? None of those reasons are confirmed by the data. The technicals on the S&P look strong, but if people are buying simply because money is cheap, this signals a bubble. From experience, the S&P likes to flirt with levels, before making a committed move either way. Some bearish momentum is imminent.
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Join my discord at discord.io/quantguy
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.