here comes the pain

Updated

SP500 sold out after CPI Data and growing inflation .

Note

the US 500 Grown nearly 500 % from 2008 level , at this point of time the prices touching MA 200 on weekly chart and its an inflection point the market usually recover from after touching MA200 on weekly however further drop could suggest a deeper correction and it will take a while for the market to complete the correction and start recovery as it did from 2008 to 2010 ,it may be a good idea to not buy anything at this time , preserve the capital and wait for the market to tell us which way to go

Trade closed manually

Fouadhassan

Also on:

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.