AS Yatırım  |  Lisanlı ve Geniş Aracı Kurum  |  

5/24 Hizmet |  (212) 963 44 31  |   Canlı Destek  | 

S&P 500 Forecast: Swimming Upstream

[ad_1]

At this point, I would not chase the market, but you certainly cannot sell it until we see something happen in the bond market that shows traders are taking the Federal Reserve seriously again.

  • The S&P 500 Index rallied quite nicely on Friday, and we threatened the top of the shooting star from the previous day.
  • If the market does break above the top of the shooting star, then it opens up the possibility of the 4300 level being targeted.
  • The 4300 level is an area that I think you will have to continue to see a lot of interest in, as it had been massive resistance previously.
Advertisement

If we were to break above the 4300 level, then it is possible that the market would really start to take off at that point. Not only would it be a break of significant resistance, would also show the market clearing the 200-day EMA, which is obviously a very bullish sign as well. At this point, we are getting a little overextended, but this is all about the interest rates in America more than anything else.

Tightening Monetary Policy

The Federal Reserve lost so much credibility over the last 14 years that the market is completely ignoring the fact that they continue to reiterate that they are going to tighten monetary policy. These clowns have spoon-fed Wall Street for so long, that they do not understand the idea of a tightening monetary policy for any significant amount of time. Because of this, the market is swimming upstream, but if there does come a point where Wall Street finally believes that the Federal Reserve is going to fight inflation for real, this market is going to crater.

What it is worth, markets typically gain about 20% during bear market rallies, and we are clearly at that point over in the NASDAQ. In other words, we could be getting close to the end, and that’s why think the 4300 level above is so interesting. The candlestick on Thursday looks like a really good beginning to a pullback, but at this point, it looks like we still have some work to do. If the market is comfortable holding the S&P 500 E-mini contract through the weekend, that would be a very bullish statement as well. At this point, I would not chase the market, but you certainly cannot sell it until we see something happen in the bond market that shows traders are taking the Federal Reserve seriously again.

S&P 500 Index

Ready to trade our S&P 500 daily forecast? Here are the best CFD brokers to choose from.

[ad_2]

Leave a Reply

Your email address will not be published. Required fields are marked *

Risk uyarısı: Kaldıraçlı olarak Forex (döviz) veya CFD (fark kontratları) işlemi yapmak yüksek seviyede risk taşımaktadır ve tüm yatırımcılar için uygun olmayabilir. Yatırımınızın tamamına eşit veya daha büyük bir zarar yaşama ihtimaliniz bulunmaktadır. Bu nedenle, kaybetmeyi göze alamayacağınız para ile yatırım yapmamalı veya risk almamalısınız. As Yatırım hizmetlerini kullanmadan önce, işlemle ilişkili tüm riskleri kabul ettiğinizi lütfen onaylayın.

Bu web sitesinin içeriği kişisel tavsiye olarak yorumlanmamalıdır. Bağımsız bir finansal danışmandan tavsiye almanızı öneririz.

Bu web sitesindeki bilgiler, Amerika Birleşik Devletleri, Kanada, İran, Küba, Fransa ve bazı diğer bölgelerdeki sakinlere yönelik değildir ve herhangi bir ülke veya yargı bölgesindeki kişilere dağıtım yapılması veya kullanılması, yerel yasalara veya düzenlemelere aykırı olacak şekilde tasarlanmamıştır.

© 2024 AsYatirim.net. Tüm Hakları Saklıdır.


(212) 963 44 31
Canlı Destek

Open chat
Hello 👋
How can we help you?