SPX500 mid term levels
Levels for the next few months of the SP500. As the three largest central banks on the planet suck the liquidity out of their respective economies it won't be long till we see a systemically important financial institution turn over, freezing the whole network on contracts of our globalized financial system. Another 2008 basically, it won't be until after the Fed returns to an easing cycle that I would want to park money into major indices.
I'd wanna see the SP500 gain and hold 2650 for two months at least to change my opinion here. Going long this late into a recovery is an obvious mistake.
I'd wanna see the SP500 gain and hold 2650 for two months at least to change my opinion here. Going long this late into a recovery is an obvious mistake.
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