S&P500 | SPY - All Time Highs?
The BullRun we see is crazy and phenomenal at the same time. No one could expect such a recovery in such a short time. In the NASDAQ we already saw new all time highs. But what´s coming next? Now we are in the earning season of Q2 and the expactations are this low, that we might see many positive surprises and the stock market will react bullish.
New All Time Highs are very likely. Furthermore we should see new developments for vaccines against COVID-19. Additionaly to that, Trump is doing his best to keep the stock market up. Support he will also find in the unlimited QE by the FED. This should push the market up, so we might have fantatistic year 2020.
If we see some negative surprises, be carefull. The market looks overbought and a correction can start each day, beside all positive news in the upcoming weeks. In general the market looks more bullish then bearish. And at one point also the heavyweight Investors have to step into market.
My chart should help you a bit to classify the mood of the market.
>> And never fortget ! -- Plan your trade and trade your plan ! <<
New All Time Highs are very likely. Furthermore we should see new developments for vaccines against COVID-19. Additionaly to that, Trump is doing his best to keep the stock market up. Support he will also find in the unlimited QE by the FED. This should push the market up, so we might have fantatistic year 2020.
If we see some negative surprises, be carefull. The market looks overbought and a correction can start each day, beside all positive news in the upcoming weeks. In general the market looks more bullish then bearish. And at one point also the heavyweight Investors have to step into market.
My chart should help you a bit to classify the mood of the market.
>> And never fortget ! -- Plan your trade and trade your plan ! <<
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