rjchilia123

Week Ahead — July 13 - 17, 2020 — Trend still sideways

FOREXCOM:SPX500   S&P 500 index
I was on vacation last week, sorry I didn’t post an update, but basically the market is still moving sideways, we need a break of either key support or key resistance + some type of follow thru to establish a trend. With that being said, should the market crash? Yes highly overvalued. Will the market fall significantly, probably not because so much depends on a strong market - pension funds, 401k, Trump re-election, bond market, interest rates, fed. I think they can probably continue to hold it together and it will ultimately be the dollar that crashes, not the market. If the dollar crashes the market can go to the moon priced in dollars.
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