SPX500USD
i just found the current price is the 50% retreat from highest price point to the lowest price point this year.
61.8% retreat from second high price point to the lowest price point of this year.
so technically the future movement of SPX500 will do a correctness to 3800 - 3900 price point with next 3-4 weeks.
So my trade logic now changed from bear market to neutral now .
I am looking for a lower price point to buy ( LONG SPX500 )around September Fed meeting.
Trade active:
WOW market data was good and the momentum of SPX500 is very solidly up.
I would keep this trade til Monday and then decide what to do.
** 5 HEAVY WEIGHTED chinese companies just applied to exist US STOCK EXCHANGES yesterday, which means the decoupling of China US is in definite just matter of when. But the market seems not care about, i really doubt about it.
Another interpretation was chinese companies were prepared for the sanctions to them if the war happens between mainland china and taiwan early next year.
Leave comments if you have some to share
I would keep this trade til Monday and then decide what to do.
** 5 HEAVY WEIGHTED chinese companies just applied to exist US STOCK EXCHANGES yesterday, which means the decoupling of China US is in definite just matter of when. But the market seems not care about, i really doubt about it.
Another interpretation was chinese companies were prepared for the sanctions to them if the war happens between mainland china and taiwan early next year.
Leave comments if you have some to share
Trade active:
www.youtube.com/watch?v=r3EB3b-u...
Just rewatch the JULY Fed announcement again.
"Fed’s Powell: I do not think U.S. is currently in recession "
So far the SPX500 is moving south now($4259), i believe September FOMC meeting will expect to get 75 base points or even 100 base points won't surprise me. The hiking will speed up since it worked for easing the inflation but not enough. Mid term election and recession confirmation won't give much time to FED.
So i expect a short term correction of SPX500.
Leave comments please
Just rewatch the JULY Fed announcement again.
"Fed’s Powell: I do not think U.S. is currently in recession "
So far the SPX500 is moving south now($4259), i believe September FOMC meeting will expect to get 75 base points or even 100 base points won't surprise me. The hiking will speed up since it worked for easing the inflation but not enough. Mid term election and recession confirmation won't give much time to FED.
So i expect a short term correction of SPX500.
Leave comments please
Trade active:
