After months characterized by euphoria SPX is finally losing value and retracing. It is still trading above the 200MA hence showing some sort of a bull trend.
This is just the beginning of a downturn, anyway. My take is the index will retrace below the 200MA.
Everything grew too much, it was time for markets to correct.
This is just the beginning of a downturn, anyway. My take is the index will retrace below the 200MA.
Everything grew too much, it was time for markets to correct.
Kommentera:
We might be start buying again by 2020 or so
