Maybe the ultimate flush down to 1970 area SPX and then another member of the Politburo says something ultra-dovish...
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Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
S&P sitting on 20MA on Monthly, Naz still above, DOW is below (not too relevant IMO).
S2007 remember the Double Top expectation? I think you said price is gonna go to the moon.
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Its really anyones guess where this market goes, this is a market that no one has ever witnessed before, the charts look great but its impossible to get an idea where its going since the fed and central banks have controlled what has happened with this market for the last 6 years, this has been nothing but a fed fueled rally. What happens next? QE4 is where Im going, that and negative interest rates since the fed can't raise and will not raise especially after this downturn the only way to go is negative and thats where they are headed. As for the charts once again, I don't know what to say, the fed has put nothing but hot air underneath this market....so thats whats under those charts of this last 6 year bull market rally, HOT BUBBLICOUS AIR!!!!
let's pop it up to 2000 HERE, see if it sticks? can always flush it from there if no interest?
Maybe the ultimate flush down to 1970 area SPX and then another member of the Politburo says something ultra-dovish...
1970 is where the s$p hinges on, if you go back to October 2014 lows, you can see the markets had a massive rally, the only reason for that massive rally was the introduction to QE by the ECB and the most positive dovish comments out of Draghi day in and day out, I remember anytime he spoke the markets rallied 1-2%, thats how the markets got their lift off from those October 2014 lows, if the ECB never did any kind of QE or stimulus the markets would have continued their slide into a bear market but they once again propped the fuck out of it, this time who knows what magic they pull out of their hat, I think its going to be that they mention no interest rate hikes for the remaining 2015 calendar year.
1970 is where the s$p hinges on, if you go back to October 2014 lows, you can see the markets had a massive rally, the only reason for that massive rally was the introduction to QE by the ECB and the most positive dovish comments out of Draghi day in and day out, I remember anytime he spoke the markets rallied 1-2%, thats how the markets got their lift off from those October 2014 lows, if the ECB never did any kind of QE or stimulus the markets would have continued their slide into a bear market but they once again propped the fuck out of it, this time who knows what magic they pull out of their hat, I think its going to be that they mention no interest rate hikes for the remaining 2015 calendar year.
Gold and Silver might be smelling something...full scale currency wars, who the f. knows at this point?
l 1995
IOW, time for a caveman appearance...