As we predicted earlier in the short-term forecast, the Sp500 index reached 4300 points, although not many people believed in it.
Now there is euphoria and the FOMO effect: money from private investors has already flowed into US stocks.
There is extreme greed in the market!
And how greed ends in the market - all more or less experienced investors know ...
Small oversold companies still have a large number of shorts, which means that there is a high probability of fast short squeezes from +20 to +80%!
Don't buy stocks just because they've gone up a lot!
Now is not the time to do that.
What to expect next from the Sp500? 🔮
Unfortunately, the situation is not in favor of growth for the index.
In the US, the government debt ceiling has been raised, which means that the US Treasury Department will borrow $1-2 trillion until the end of September 2023.
Also now there is a withdrawal of liquidity from the Fed - all this together will play a negative role on
SPX .
In the late month, the index grows by only 5-7 companies, this shows the weakness of the index.
The shares of the IT sector look the best.
But deteriorating conditions in the US economy will weigh heavily on these stocks.
🔰 According to Sp500 forecast 4000p, and then 3800p.
You can find even more profitable ideas in the profile header 🎩
If you are interested in analysis of any other asset - write in the comments and I will do it.
Now there is euphoria and the FOMO effect: money from private investors has already flowed into US stocks.
There is extreme greed in the market!
And how greed ends in the market - all more or less experienced investors know ...
Small oversold companies still have a large number of shorts, which means that there is a high probability of fast short squeezes from +20 to +80%!
Don't buy stocks just because they've gone up a lot!
Now is not the time to do that.
What to expect next from the Sp500? 🔮
Unfortunately, the situation is not in favor of growth for the index.
In the US, the government debt ceiling has been raised, which means that the US Treasury Department will borrow $1-2 trillion until the end of September 2023.
Also now there is a withdrawal of liquidity from the Fed - all this together will play a negative role on
SPX .In the late month, the index grows by only 5-7 companies, this shows the weakness of the index.
The shares of the IT sector look the best.
But deteriorating conditions in the US economy will weigh heavily on these stocks.
🔰 According to Sp500 forecast 4000p, and then 3800p.
You can find even more profitable ideas in the profile header 🎩
If you are interested in analysis of any other asset - write in the comments and I will do it.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.