What do you guys think about the S&P500 ? Comment your ideas down below !
SP500 have up for more than 100% since March 2020 and haven't had a huge correction since then,
as we have seen a rising wedge pattern in the sp500 and is making a HH and HL , lets keep watching this , we will see a potential breakout of the pattern and expecting a failure to make a higher high in the market .
i have highlighted all the supports with the percentage from ATH to make it clearer
these all bad news have really got investors scared away and potential selling off for the month or the incoming month, everyone is expecting a 10-20% correction from ATH which is normal for the market before we are expecting a new leg to shoot back up .
September is the worst month for SP500 on the average since 1945 , and it has down about 1.7% for the week ( just be in mind we will see worse than this to happen ),
And with the Fed's tapering incoming (Fed's meeting on 21 Sept < to watch ) , economy is slowing , interest rates and higher inflation can bring huge effect to the market .
SP500 have up for more than 100% since March 2020 and haven't had a huge correction since then,
as we have seen a rising wedge pattern in the sp500 and is making a HH and HL , lets keep watching this , we will see a potential breakout of the pattern and expecting a failure to make a higher high in the market .
i have highlighted all the supports with the percentage from ATH to make it clearer
these all bad news have really got investors scared away and potential selling off for the month or the incoming month, everyone is expecting a 10-20% correction from ATH which is normal for the market before we are expecting a new leg to shoot back up .
September is the worst month for SP500 on the average since 1945 , and it has down about 1.7% for the week ( just be in mind we will see worse than this to happen ),
And with the Fed's tapering incoming (Fed's meeting on 21 Sept < to watch ) , economy is slowing , interest rates and higher inflation can bring huge effect to the market .
