SPX500 > Badass Analysis for Sp500 and What I Think I Coming !!
Analysis of #US500
The SP500 is pricing a very good rosy future.
The market is trading at a current PE ratio of 22 very rich
The Dec-2021 forward PE, however, is much richer at 35
Even March-2021the forward PE is 28.5
we can also add
that market is very far from its 200 SMA
RSI bearish divergence
Vix is very cheap considering what's going in USA, and the world economy.
if you see the action on a daily basis and how traders are buying every dip they can get their hands-on you will agree that this, not a rational market and yo would agee this the behavior of retail traders coming to the market afraid of missing, this always the case with, retail traders only come to market when big money is selling.
the market has been trading recently on the hope of fiscal stimulus coming soon, well I don't think this going to happen before a new president is elected, or maybe the market could be pricing the same president is going to get elected again!!
Do I dare to say this is the top? no, but as I said when I analyzed apple stock, the risk is to the downside, it not a matter if we gonna drop, its a matter of when its gonna drop
⠀
-Do not forget to comment below, and if you like it then smash the like button 😉⠀
⠀
Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You⠀
The SP500 is pricing a very good rosy future.
The market is trading at a current PE ratio of 22 very rich
The Dec-2021 forward PE, however, is much richer at 35
Even March-2021the forward PE is 28.5
we can also add
that market is very far from its 200 SMA
RSI bearish divergence
Vix is very cheap considering what's going in USA, and the world economy.
if you see the action on a daily basis and how traders are buying every dip they can get their hands-on you will agree that this, not a rational market and yo would agee this the behavior of retail traders coming to the market afraid of missing, this always the case with, retail traders only come to market when big money is selling.
the market has been trading recently on the hope of fiscal stimulus coming soon, well I don't think this going to happen before a new president is elected, or maybe the market could be pricing the same president is going to get elected again!!
Do I dare to say this is the top? no, but as I said when I analyzed apple stock, the risk is to the downside, it not a matter if we gonna drop, its a matter of when its gonna drop
⠀
-Do not forget to comment below, and if you like it then smash the like button 😉⠀
⠀
Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You⠀
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.