S&P500 pattern finished!!This is a bullish continuation but just the tehnicals. There is a highly chance of a small drawback but the next upcoming months should be in the green.
Expecting the bad economic decisions in America to hit Somewhere at the beginning of Q4 2023.
Bullish mid term, but overall bearish for this and next year.
Smp500
Silver aims at 30$ --> 117$Silver has found strong support at 24$. Tested multiple times.
RSI is well above 50 and MACD is leveling out on the weekly chart. DXY is also showing weakness.
All signs show very bullish momentum and upward pressure. With there being a lot of talk about major federal spending and increase in debt.. Silver will likely continue to grow and become even more volatile.
Silver prices have been artificially suppressed to keep costs low as silver is largely used for manufacturing and many electronic products. Historically the silver/gold ratio has been around 17oz silver per 1oz gold. Silver to gold is currently at around 71 to 1. As the public sale of silver becomes increasingly more accessible, it is becoming harder to control the price via FTE. As a result I expect the price of silver to behave erratically and reach new highs in USD never seen before. 117$ puts silver back at the ratio of about 17/1.
be blessed.
$SPX bearish long term but possibility to go up to 200 day SMA. The stock price is going up to previous resistance while also hitting the top of the fib retracement, however, since it did go over the 50 day sma line i think it could also go up to the 200 day sma line. However, I still am bearish on the market since headlines for the market will most likely cause it to fall as well as companies filing for bankruptcy and the decrease in volume. I think that we will actually hit new lows when we do go down a second time.