gotit

gotit

I hear some analysts say the S&P 500 is "overpriced" and others say it is "undervalued" and each believes they right. What to do? You decide where the S&P will be in 10 years. This is a 3-month chart of the S&P500 going back to 1933. Why a 3-month chart? Less noise. Fits the screen nicely. The year is 2030. The top of the channel is at around 12000. The mid at...

gotit

The S&P 500 will probably close at an all-time high today. It may even continue its current uptrend for some time. But the train will derail. I'm not a bear. I fully understand the FED has, can, and probably will continue to manipulate the stock market for a long time. It's just numbers on the screen for them. However, the FED may come under pressure/fire for...

gotit

The future need not resemble the past. Therefore comparative analysis can be wrong. Do your own analysis. Some TA indicates we hit the bottom at $3100. Similarities to 2014/15 bottom: a) Price dropped about 50% (not that important, but relevant) b) Price very close the 200 weekly MA c) Indicators like RSI at levels similar to 2014/15 bottom. My own indicator...