Mid To long term projection of the SPY
Given Donald Trump's recent victory, the market has felt an optimistic boost. This excitement, could be enough to overcome the current economical warnings that have been prevalent in the previous months. It's impossible to know if these excitements will be enough to send the market into a new and strong rally into overextended territories, or if the market will continue to complain about unaffordable housing, and sustenance.
The future is always an unknown variable, however random variables do tend to follow their own distributions to a certain degree. It is always possible for exceptions to occur which prompt price action to get excited at already expensive prices. However, it is intelligent to always take a degree of caution when purchasing expensive securities which are still increasing in price. In these scenarios I suggest waiting for price corrections before purchasing and purchase in small amounts as price decreases to be able to purchase more at lower prices aka cost average.
Given Trumps popularity, it's possible that people will become optimistic about the near future, however Trump still has a lot of rivals, which will stop at nothing to fulfill their agenda. The president will be faces with many new challenges these coming 4 years. I wish him the best of luck as he writes history once more.
May God bless the future of America, its allies and it people. It's time to see the world change once more.
The future is always an unknown variable, however random variables do tend to follow their own distributions to a certain degree. It is always possible for exceptions to occur which prompt price action to get excited at already expensive prices. However, it is intelligent to always take a degree of caution when purchasing expensive securities which are still increasing in price. In these scenarios I suggest waiting for price corrections before purchasing and purchase in small amounts as price decreases to be able to purchase more at lower prices aka cost average.
Given Trumps popularity, it's possible that people will become optimistic about the near future, however Trump still has a lot of rivals, which will stop at nothing to fulfill their agenda. The president will be faces with many new challenges these coming 4 years. I wish him the best of luck as he writes history once more.
May God bless the future of America, its allies and it people. It's time to see the world change once more.
Related publications
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.