a brief technical view of spx500 combined with expectancy of banks
banks are projecting this to be a natural correction and a buying opportunity, knowing that the average of expectancies of all banks projections is 4842.9$ , it converges with the fibo extension objective :-27.70%
fundamentally talking :
this dip is a natural correction in the market due to profit taking after the rally in the markets
and a great opportunity to buy lower and optimize the weighted average open price of securities in portfolios, this doesn't mean that there is no risk , jerome powell the governor of US central bank announced this week that inflation isn't only transitory it could stay there for longer periods, and then there is the famous omicron that came to ruin the economy, and a possibility of inefficiency of vaccines that could lead to the closure of economies.
in normal cases the next rally cycle should start at January.
banks are projecting this to be a natural correction and a buying opportunity, knowing that the average of expectancies of all banks projections is 4842.9$ , it converges with the fibo extension objective :-27.70%
fundamentally talking :
this dip is a natural correction in the market due to profit taking after the rally in the markets
and a great opportunity to buy lower and optimize the weighted average open price of securities in portfolios, this doesn't mean that there is no risk , jerome powell the governor of US central bank announced this week that inflation isn't only transitory it could stay there for longer periods, and then there is the famous omicron that came to ruin the economy, and a possibility of inefficiency of vaccines that could lead to the closure of economies.
in normal cases the next rally cycle should start at January.