$SPX Potentially 5% range bound for months

I think we'll see a strong correction in time, not price, as Trump will do anything in his power to keep the markets floating for his re-election.

Events that could occur for the market to break this range:
- A black swan event.
- US election polls indicating Democrats will win.
- Macro turning bad beyond repair and Fed having to step in a 2nd or 3rd time.

Any profits from $SPX i'm currently adding to my Gold long position, as i think the global environment facilitates a new ATH this or next year.

Kommentera:

Spoos grinding into those 1.6 and 2.6's fib levels.

Dip buying has been crazy and we stopped shorting the scam they call US markets. At this points almost every stonk is overpriced, so because i really want to turn that risk into a reward, i'm Instead accumulating gold below 1600, rolling any and all profits into it. I very much think a new ATH is in the books this or next year, considering the current economic and political conditions.

Trade safe!!