Hi Friends,
SPX is in ascending channel (Yellow Channel),
Seems a resistance line back to all time high in 2020 is broken (Resistance line in blue).
And we have the MA 200 below (in white).
Personally, im still not convinced about the rally fueled by trillions of stimilus, but the question is: what is the target of the market until we see a massive, lenghthy and painful correction ?
Michael J. Burry just launched another warning about the markets, and hyper-inflation. And as usally the FED is laughing on those claims ...
Let me know what you think about the next 3 to 6 months.
Thanks,
Samy
SPX is in ascending channel (Yellow Channel),
Seems a resistance line back to all time high in 2020 is broken (Resistance line in blue).
And we have the MA 200 below (in white).
Personally, im still not convinced about the rally fueled by trillions of stimilus, but the question is: what is the target of the market until we see a massive, lenghthy and painful correction ?
Michael J. Burry just launched another warning about the markets, and hyper-inflation. And as usally the FED is laughing on those claims ...
Let me know what you think about the next 3 to 6 months.
Thanks,
Samy