Up to 4300?
If SPX manages to break the 4190 resistance zone of back in June, then we are definitely heading up to the high 4200s/4300 zone, which would be an eminent zone, in order to return back to the December of 2021 zone.
Is recession still there? Obviously, will it keep on hitting the markets?
Not really
A- The Russia-Ukraine seem to have calmed in the sense of market turmoil
B- US-Taiwan visit went untouched, despite lots of muscle flexing from China, after all China is a finance centric nation, unlike the Russians who are more into flexing their muscles.
C- Extension of the Saudi-Yemeni truce, which will have an impact on oil safety in the region.
Is recession still there? Obviously, will it keep on hitting the markets?
Not really
A- The Russia-Ukraine seem to have calmed in the sense of market turmoil
B- US-Taiwan visit went untouched, despite lots of muscle flexing from China, after all China is a finance centric nation, unlike the Russians who are more into flexing their muscles.
C- Extension of the Saudi-Yemeni truce, which will have an impact on oil safety in the region.
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