S&P 500 to continue ~sideways, but plunge towards 2186 imminent?

29 maj 2020Speculative prediction: Overall, S&P 500 probably will continue slightly higher or at least hold sideways for awhile (but will likely not go significantly above 3124 to confirm a higher high), before plunging down to below 2186 eventually setting a lower low.

See also:

Historical comparisons (11Mar20 post):


"Markets can remain manipulated by the FEDs, longer than you can remain solvent." -- modified quote of Keynes'. XD

Businesses are still down in the US and the world. GDPs projections in the -ve around the world. Job loss at the record high. Economy looking very bad, depression looming. And yet the S&P is now above the daily 200 SMA (even with multiple indicators flashing bullish! Albeit with some bearish divergence appearing as well on multiple time frames) and might continue to pump even higher (before an actual dump, or maybe not).

In Venezuela, everyday can be a bull market.
barrons.com/articles/the-venezuelan-stock-markets-a-bank-as-inflation-heads-to-1-000-000-1532517514