I do not want to get too into depth on the SPX as this is mainly for my personal future reference however I will say that I believe the SPX will reach a high at 3400ish and go no higher than 3800$.
I also believe there will be a downturn of around 40% from the highs in the next year meaning I think the bottom will be in at around 2100$
The bottom will take appox 1year.
There are also plenty of fundamental reasons for the SPX to fall and that is what this post is mainly capitalizing on I am just using FIB ratios as targets for risistance and support.
It would be foolish to be longing this stuff right now.
Buy back in the end of 2021 and you should be fine.
*Disclaimer, This is not financial advice.
Dont trust some random guy on the internet but please do yourself a favor and do some research if you have a large portion of money in stocks right now
I also believe there will be a downturn of around 40% from the highs in the next year meaning I think the bottom will be in at around 2100$
The bottom will take appox 1year.
There are also plenty of fundamental reasons for the SPX to fall and that is what this post is mainly capitalizing on I am just using FIB ratios as targets for risistance and support.
It would be foolish to be longing this stuff right now.
Buy back in the end of 2021 and you should be fine.
*Disclaimer, This is not financial advice.
Dont trust some random guy on the internet but please do yourself a favor and do some research if you have a large portion of money in stocks right now